The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult …

(FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity … gains for domestic firms. The size of FDI spillovers is economically important, accounting for about 11 percent of … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …

-term benefits of financial openness for broader-based growth should not be forgotten. …

reforms, and commitment to macroeconomic discipline are crucial determinants of the growth dividends of FDI. Our paper …What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross …-country growth experiences? In this paper we tackle both these questions empirically for a large sample of middle and low …

rates of FDI as well as domestic capital formation. This "investment hunger" can lead to unanticipated declines in the …

direct investment is also substantial. We explain these features in terms of a conventional neoclassical growth model-with no … would probably not change the real factors that have sustained rapid growth. …

stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an …

This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and … markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we … show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in …

economic growth and its determinants. The first part focuses on recent literature regarding positive spillovers from FDI while …This paper summarizes recent arguments/findings on two aspects of foreign direct investment (FDI): its correlation with … the second deals with the determinants of FDI. The paper finds that while substantial support exists for positive …

development: (i) that economic takeoff is associated with technological transfer through foreign direct investment (FDI); and (ii …) that takeoff is accompanied, at least in the short term, by widening income inequality. The results indicate that FDI flows … have increased the rate of convergence in per capita incomes across China’s provinces. However, the pattern of FDI, which …