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This paper investigates the effect of FDI on economic growth conditional on the institutional quality of host countries … develop several arguments to show that institutional quality modulates the intensity of FDI impact on growth. Using a … threshold of institutional quality that influence the FDI growth effect. These results have significant implications for policy …
Persistent link: https://www.econbiz.de/10011110324
growth, currency appreciation, and the global financial conditions. …
Persistent link: https://www.econbiz.de/10010588397
’s capital stock. Greenfield FDI should therefore have a stronger impact on growth than M&A sales. This hypothesis is supported … by our empirical results, which show that greenfield FDI enhances growth, while M&As have no effect, at best, in a panel …We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between …
Persistent link: https://www.econbiz.de/10010968972
the context of two partial equilibrium endogenous growth models. In our first model, the scale of fickle outside … investment funds traces out a meanvariance tradeoff for the growth rate of the economy. In particular, the volatility of these … regulation of outside investment may increase growth. Our second model involves increasing returns and multiple equilibria. In …
Persistent link: https://www.econbiz.de/10011091428
the context of two partial equilibrium endogenous growth models. In our first model, the scale of fickle outside … investment funds traces out a mean-variance tradeoff for the growth rate of the economy. In particular, the volatility of these … regulation of outside investment may increase growth. Our second model involves increasing returns and multiple equilibria. In …
Persistent link: https://www.econbiz.de/10005661544
imperfection into a standard neoclassical (open-economy) model of growth, I show that FDI crowds out domestic investment when …FDI is generally attributed to have positive impact for developing countries. In contrast, this paper shows that …
Persistent link: https://www.econbiz.de/10010862240
This paper uses a composite measure to examine why some countries attract more foreign direct investment (FDI) than … others. The measure considers all identified, measurable, and comparable socioeconomic aspects that affect FDI decisions on … an aggregated country level. As a result, we can rank 127 countries with respect to their FDI attraction. The measure …
Persistent link: https://www.econbiz.de/10010574585
A standard argument of the advocates of unrestricted capital flows is that they boost a small country’s growth by … increasing the efficiency of the allocated capital. In this paper I examine the nexus between capital flows and real growth for …
Persistent link: https://www.econbiz.de/10009372597
We present an endogenous growth model with technological externalities emitted the presence of the foreign direct … investments. We showed that the net positive impact on the growth of these investments may be if and only if the host country such …
Persistent link: https://www.econbiz.de/10011114394
-term income growth rates. Under perfect capital mobility, international differences in taxes will not matter for total growth … differentials. Policy differences have a role to play in per capita growth differentials, however, when they lead to a divergence in … this is the case, how tax differences affect the growth rates of population and human capital will depend on the relative …
Persistent link: https://www.econbiz.de/10005067595