Speaker: Tomoo Kikuch

Title: Does Foreign Equity Contribute to Economic Growth?

Schedule: Sep 26, Tu 1:30-2:30 PM

Location: 诚明楼 (Chengming Hall）RM 315

Introduction: 菊地朋生, 博士，早稻田大学亚太研究研究生院教授，南洋理工大学S. Rajaratnam国际研究学院的兼职高级研究员。他的研究兴趣集中宏观经济学和国际金融，并在国际知名期刊 Journal of Economic Theory, Theoretical Economics，Journal of Money, Credit and Banking, 以及 Macroeconomic Dynamics 等发表多篇文章。他还担任期刊 Journal of Asian Economics 与 Malaysian Journal of Economics 的副编辑，并编辑过许多关于亚洲贸易、金融和投资的书籍和期刊专题。

Abstract: We construct a panel dataset covering 56 countries from 1985 to 2017 and find a positive relationship between foreign equity investment and GDP growth with private investment being a mediator. Foreign equity investment increases GDP growth through private investment growth in the whole sample and private investment and R&D investment growth in OECD countries. The impact of foreign equity investment on private investment peaks in two-three years before it fades out.