Mayer-Foulkes, David; Nunnenkamp, Peter - In: Review of Development Economics 13 (2009) 2, pp. 304-318
It is widely held that foreign direct investment (FDI) has a positive effect on economic growth. To test this hypothesis, we perform convergence regressions derived from a theoretical model on the impact of FDI on endogenous technological change in small economies. The model includes FDI...
