How does foreign direct investment affect economic growth
Reads0
Chats0
TLDR
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
More filters
Journal ArticleDOI
FDI from the south: The role of institutional distance and natural resources
TL;DR: In this paper, the authors analyze location choices of investors from emerging economies, with an emphasis on institutions and natural resources, and find that FDI from the South has a more regional aspect than investment from the North.
Journal ArticleDOI
Emerging multinationals: outward FDI from the BRICS countries
TL;DR: In this article, the authors take stock of the mounting outward investment flows with special focus on China, India, Brazil, Russia, and South Africa ('BRICS'), and suggest that the current increase in outward investment from emerging and developing economies may constitute a third "wave", distinct from the two previous waves depicted in the literature.
Journal ArticleDOI
Openness and Growth: Re-Examining Foreign Direct Investment, Trade and Output Linkages in Latin America
TL;DR: This article investigated the effects of liberalization in Mexico, Brazil and Argentina by taking into account trade and FDI growth links, and found that it is important to consider both exports and international capital flows to ascertain the benefits associated to the outward oriented strategies followed by these countries.
Journal ArticleDOI
FDI and productivity convergence in Central and Eastern Europe: an industry-level investigation
TL;DR: In this paper, the authors present empirical evidence of the effect of FDI inflows on productivity convergence in Central and Eastern Europe, using a new and harmonized industry-level data set.
Report SeriesDOI
Characteristics of foreign-owned firms in British manufacturing
Rachel Griffith,Helen Simpson +1 more
TL;DR: The authors found that establishments that are alwaysforeign-owned have significantly higher labour productivity than those that remain under domestic ownership, and that labour productivity improves faster over time and faster with age in foreign-owned establishments.
References
More filters
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.
Related Papers (5)
Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela
Brian J. Aitken,Ann Harrison +1 more
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Manuel Arellano,Stephen Bond +1 more