摘要：The paper examines the causal relationship between foreign direct investment (FDI) and economic growth for selected Asian economies covering the period from 1981-2008. The study has been done for China, India, Pakistan, Sri Lanka, Indonesia, Malaysia, Philippines, Singapore and Thailand. Using Granger-causality, it has been observed that for the countries like China, India, Pakistan, Sri Lanka, Indonesia, Philippines and Singapore, the direction of causality runs from economic growth to FDI and not the other way round. However, for Malaysia there is no causality between FDI and GDP which confirms Granger-neutrality. Only in case of Thailand, bidirectional causal relationship exists. The varied nature of direction of causality confirms that uniform policy recommendation relating to FDI and growth may not work for these Asian countries.
