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
Citations
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Foreign direct investment and economic growth in Vietnam
Sajid Anwar,Lan Phi Nguyen +1 more
TL;DR: In this article, the authors examined the link between foreign direct investment and economic growth in Vietnam by making use of a recently released panel dataset that covers 61 provinces of Vietnam from 1996 to 2005.
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Foreign direct investment: Flows, volatility and the impact on growth
Robert Lensink,Oliver Morrissey +1 more
TL;DR: In this paper, the authors deviate from previous studies by introducing measures of the volatility of FDI inflows, which are predicted to have a negative effect on economic growth, and they estimate the standard model using cross-section, panel data, and instrumental variable techniques.
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Backward Vertical Linkages of Foreign Manufacturing Affiliates: Evidence from Japanese Multinationals
TL;DR: In this article, the determinants of backward vertical linkages established by multinational firms in host economies through an analysis of the local content ratio of 272 Japanese electronics manufacturing affiliates in 24 countries were examined.
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Foreign direct investment and its role in economic development: do we need a new agenda?
Sanjaya Lall,Rajneesh Narula +1 more
TL;DR: In this paper, the role of multinational enterprises (MNEs) in industrial development in a post-World Trade Organization world is discussed in a special issue of The European Journal of Development Research (EJDR).
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International Finance and Growth in Developing Countries: What Have We Learned?
TL;DR: The authors discusses the policy framework in which financial globalization is most likely to prove beneficial for developing countries and discusses the reforms developing countries need to carry out to make their economies safe for international asset trade.
References
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ReportDOI
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.
Journal ArticleDOI
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.
Posted Content
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.
Journal ArticleDOI
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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