How does foreign direct investment affect economic growth
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In this article, the effect of FDI on economic growth in a cross-country regression framework was investigated. And they found that FDI contributes to economic growth only when a sufficient absorptive capability of the advanced technologies is available in the host economy.About:
This article is published in Journal of International Economics.The article was published on 1998-06-01 and is currently open access. It has received 4268 citations till now. The article focuses on the topics: Foreign direct investment & Productivity.read more
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Islamic Finance and Globalization: A Convergence?
TL;DR: In this article, the authors explore the potential convergence of Islamic and conventional finance as these systems continue their progress in designing and developing better risk-sharing structure and much expanded menu of financial instruments.
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A Longitudinal Multilevel Model of Tourist Outbound Travel Behavior and the Dual-Cycle Model
TL;DR: In this paper, the authors explore whether changes in tourists' outbound travel behavior can be explained by their demographic characteristics and by economic fluctuations over time and propose a multilevel model of travel behavior that incorporates both individual characteristics and changes in the economy.
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Working Paper 144 - An Analysis of the Impact of Financial Integration on Economic Activity and Macroeconomic Volatility in Africa within the Financial Globalization Context
TL;DR: In this article, the authors provide an empirical analysis of some of the impacts of international financial integration on economic activity and macroeconomic volatility in African countries, and show that the impact of external capital flows on growth seems to depend mainly on the initial conditions and policies implemented to stabilize foreign investment, increase domestic investment, productivity and trade, develop the domestic financial system, expand trade openness and other actions aimed at stimulating growth and reducing poverty.
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Foreign Direct Investment and the Environment: Disentangling the impact of Greenfield Investment and Merger and acquisition sales
TL;DR: This article examined the effect of greenfield foreign direct investment (GFDI) and mergers and acquisitions (M&A) on the environment and more specifically, on the sectoral emissions of CO2.
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Total Factor Productivity Convergence in Developing Countries: Role of Technology Diffusion
Khoula Maryam,Zainab Jehan +1 more
TL;DR: In this paper, the authors investigated the principal determinants of total factor productivity (TFP) convergence by employing data of 91 developing countries over the period 1960-2015 and with USA being the frontier country, and the main focus remains on technology diffusion for the catch-up process and is measured by means of trade openness (TO) and foreign direct investment (FDI) with introduction of their interaction terms.
References
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Endogenous Technological Change
TL;DR: In this paper, the authors show that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
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Finance and Growth: Schumpeter Might Be Right
TL;DR: In this paper, the authors examined a cross-section of about 80 countries for the period 1960-89 and found that various measures of financial development are strongly associated with both current and later rates of economic growth.
Book
Innovation and growth in the global economy
Gene M. Grossman,Elhanan Helpman +1 more
TL;DR: Grossman and Helpman as discussed by the authors developed a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents.
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A sensitivity analysis of cross-country growth regressions
Robert A. Levine,David Renelt +1 more
TL;DR: The authors examined whether the conclusions from existing studies are robust or fragile to small changes in the conditioning information set and found a positive, robust correlation between growth and the share of investment in GDP and between investment share and the ratio of international trade to GDP.
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Institutions and economic performance: cross‐country tests using alternative institutional measures
Stephen Knack,Philip Keefer +1 more
TL;DR: The authors compared more direct measures of the institutional environment with both the instability proxies used by Barro (1991) and the Gastil indices, by comparing their effects both on growth and private investment.
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