A causal relationship between foreign direct investment, economic growth and high technology exports

The aim of this study is to examine relationship between foreign direct investment, economic growth and high technology exports for Turkey, Thailand, Singapore, Republic of Korea, India and Brazil during the period 1982-2013. Emirmahmutoğlu and Köse (2011) causality test is employed to examine the relationship. The results indicated that in the panel there is uni-directional causality running from economic growth to foreign direct investment. Besides, there is found uni-directional causality between economic growth to high technology exports. There is detected bi-directional causality between foreign direct investment and high technology exports. According to individual country results it is obtained mixed evidence. In these countries foreign direct investment promotes high technology exports. At the same time high technology exports leads to foreign direct investment inflows.