Areendam Chanda

TL;DR: In this article, the authors examine the various links among foreign direct investment (FDI), financial markets, and economic growth, and explore whether countries with better financial systems can exploit FDI more efficiently.

TL;DR: In this paper, the authors examine the various links among foreign direct investment (FDI), financial markets, and economic growth and explore whether countries with better financial systems can exploit FDI more efficiently.

TL;DR: In this article, the authors formalize a mechanism that emphasizes the role of local financial markets in enabling FDI to promote growth through backward linkages, and quantify the response of growth to FDI and show that an increase in the share of FDI leads to higher additional growth in financially developed economies relative to financially under-developed ones.

TL;DR: In this article, an index of the depth of experience with state-level institutions, or state antiquity, is derived for a large set of countries, and it is shown that state antiquity is significantly correlated with measures of political stability and institutional quality, with income per capita, and with the rate of economic growth between 1960 and 1995.

TL;DR: In this article, the authors investigate the possibility that differences not only in state capacity but also in the capacity to mount an effective drive toward economic development, derive in part from very long run historical processes giving rise to different potentials for growth.