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Frontiers of Economics in China

Front. Econ. China    2007, Vol. 2 Issue (1) : 92-113     https://doi.org/10.1007/s11459-007-0005-1
FDI, domestic capital and economic growth: Evidence from panel data at China’s provincial level
LUO Changyuan
Center for European Studies (CES), Fudan University, Shanghai 200433, China; China Center for Economic Studies (CCES), Fudan University, Shanghai 200433, China;
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Abstract Based on panel data at the provincial level in China, this paper found that direct effects foreign direct investment (FDI) had on economic growth were of insignificance. However, through improving technical efficiency and crowding  in domestic investment, FDI produced positive effects on China s economy. The state sector still played a major part in the total fixed investment, therefore, direct effects on growth were significant. Although private sector was increasingly important for the whole economy, it had no direct influences on economic growth. Meanwhile, neither the state sector nor private sector made contribution to the improvement on technical efficiency.
Issue Date: 05 March 2007
 Cite this article:   
LUO Changyuan. FDI, domestic capital and economic growth: Evidence from panel data at China’s provincial level[J]. Front. Econ. China, 2007, 2(1): 92-113.
 URL:  
http://journal.hep.com.cn/fec/EN/10.1007/s11459-007-0005-1
http://journal.hep.com.cn/fec/EN/Y2007/V2/I1/92
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