چکیده (انگلیسی):

The aim of this paper is to examine the causality relationship between foreign direct investment, Exports
and economic growth in two panels of Asian countries (three developed and eight developing countries) over the
1986 to 2010 years. A panel-VECM causality based on Wald test employed for investigates a tri variate model of FDI,
exports and GDP. The results of causality from developed panel indicate a unidirectional causality from GDP to
export, FDI to export and also from GDP to FDI. Empirical result of developing panel indicates a unidirectional
causality from GDP to FDI and bidirectional causality between GDP and export.
Keywords: FDI, Export, Economic Growth, Causality, Panel-VECM