Cipollina, Maria; Giovannetti, Giorgia; Pietrovito, Filomena - 2011
The theoretical literature has discussed different channels through which foreign direct investments (FDI) promote host … country’s economic growth, but empirical analyses have so far been inconclusive. In this paper we provide evidence that FDI … capital accumulation. FDI not only contribute to physical capital accumulation, but also generate positive technological …