Oglietti, Guillermo Celso - In: El Trimestre Económico LXXIV (2) (2007) 294, pp. 349-378
This work finds that FDI affects negativelly economic growth. This outcome is grounded on a demand-sided growth model which includes the shrinkage effect of foreing firms surpluses repatriation. Although, in one first stage FDI contributes to alleviate the financial shortage, in the long run it...