novel theoretical model that establishes a link between trade liberalization and investment-led growth. Estimating equations … domestic protection depresses investment and thereby slows growth. Foreign trade barriers also lower domestic investment, but … the anti-investment effect is weaker and is less robust to sample and specification changes …

This paper presents five theoretical openness-and-growth links that can account for trade-induced investment-led growth …, cross-country data suggests that openness influences growth only via its effect on investment, and suggests that openness … promotes investment in all countries whatever the capital-intensive of their exports (contrary to predictions of the old …

rates Africa would have enjoyed if these key determinants had taken OECD rather than African values. Expensive investment …

growth of foreign direct investment. Periphery governments' objectives for the scale and composition of gross trade in goods …