Bode, Eckhardt; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2007
This paper investigates the effects of inward FDI on per-capita income and growth of the US states since the mid-1970s …. Using a Markov chain approach, it shows that both quantitative and qualitative characteristics of FDI affect per …-capita income and growth. Employment-intensive FDI, concentrated in richer states, has been conducive to income growth, while …
