Chakraborty, Chandana; Basu, Parantap - In: Applied Economics 34 (2002) 9, pp. 1061-1073
The two-way link between foreign direct investment and growth for India is explored using a structural cointegration model with vector error correction mechanism. The existence of two cointegrating vectors between GDP, FDI, the unit labour cost and the share of import duty in tax revenue is...