This paper investigates the impact of direct investment by foreign-owned companies on technical progress and hence … intra-industry and inter-industry spillovers from inward investment. These findings remain robust even when other factors … such as imports and domestic R&D expenditures are allowed for. Inward investment appears to be a much more important source …

This paper revisits the institutional determinants of foreign direct investment (FDI) using a comprehensive new data … set on the regulations that govern FDI in more than 80 countries. It exploits the presence of confirmed zero investment … with actual inflow of investment. These results are found to be robust to different specifications …