FDI plays a central role in managing global production networks, but FDI statistics also reflect other factors …, including tax avoidance, that make it difficult to differentiate between FDI for “long-term” investments that serves as a source … of growth and FDI that is purely financial and has little real economic impact as it merely passes through an economy …

We develop a simple information-based model of FDI flows. On the one hand, the abundance of intangible' capital in … countries, enhances FDI flows. On the other hand, host-country corporate-transparency diminishes the value of this expertise … thereby reducing the flow of FDI. Empirical evidence (from a sample of 12 source countries and 45 host countries over the 1980 …

We develop a simple information-based model of FDI flows in which the abundance of intangible' capital in the source … countries, which generates expertise in cream-skimming investment projects in the host countries and enhances FDI flows … flow of FDI. Empirical evidence (from a sample of 12 source countries and 45 host countries over the 1980s and 1990s) which …

(FDI) and trade have positive spillover effects on product and technology innovation by domestic firms in emerging markets …. The FDI effect is more pronounced for firms from advanced economies. However, while we detect the spillover effects with … with FDI presence …

The impacts of inward FDI on host countries are frequently studied using balance-of-payments based measures of flows … and stocks. These are unreliable for the purpose because, while theories of the effects of investment are based on FDI …. The mismeasurement is particularly important if trade openness, often associated with FDI, is treated as a control …