... in domestic firms’ production. Regarding causality of FDI and economic growth, it is an ongoing debated issue. Hansen and Rand (2004) analyze the causal links between FDI and GDP and the causality ... Rota Director, International Studies Kim, Minjung. M .A. June 2004. International Studies. Does a Causal Link Exist between Foreign Direct Investment and Economic Growth in the Asian ... goods and services as a percentage of GDP. Looking at Singapore, Indonesia, Malaysia, Thailand, and the Philippines, this paper tests the causal relationship between the two variables of GDP growth...