We suggest a new way to quantify the growth effects of capital mobility. We find that for reasonable parameter values, capital mobility has a large impact on income growth.

In this paper we analyse productivity spillovers from foreign direct investment using firm-level panel data for U.K. manufacturing industries from 1992 to 1999. We investigate spillovers through horizontal, backward, and forward linkages; distinguish spillovers from export-oriented vs...

Auf dem Gipfel in Laeken im Dezember 2001 hat der Europäische Rat die Einrichtung eines Europäischen Konvents beschlossen, der sich mit Zukunftsfragen der Europäischen Union (EU) beschäftigen und Leitlinien für die nächste intergouvermentale Konferenz erarbeiten soll. Im Mittelpunkt der...

The rise in foreign direct investment flowing to developing countries has created high expectations that, by drawing on this source of external financing, developing countries could initiate or accelerate processes of economic catching-up to advanced industrialized countries. By contrast, the...