There is substantial research about cross section and time series correlations between economic growth and various economic, social, demographic and political variables. After analyzing these correlations, the paper makes the following conclusions. Exogenous increases do not seem to cause...

In previous studies it has been found that new foreign investment is significantly related to the stock of existing investment in the country/region. This paper's contribution is the finding that a Japanese firm's new investment in an emerging economy is positively correlated with its previous...

Using a specially designed survey of Japanese firms planning investments in Asia, the authors emphasize the importance of privately held information in making foreign investment decisions. Information on operating conditions based on direct experience in a country is likely to be the most...

Muchos problemas del desarrollo van más allá de las fronteras nacionales y tienen un carácter regional e incluso global. El reconocimiento de estos retos, los cuales van de la transmisión de enfermedades entre fronteras hasta la dispersión de inestabilidad financiera global, ha llevado a...

Muchos problemas del desarrollo van más allá de las fronteras nacionales y tienen un carácter regional e incluso global. El reconocimiento de estos retos, los cuales van de la transmisión de enfermedades entre fronteras hasta la dispersión de inestabilidad financiera global, ha llevado a...

The paper studies the effects of foreign direct investment (FDI) on economic growth when sufficient provisions of infrastructure is a pre-requisite. In the overlapping generations setting, we show that technology spillovers via FDI take place only when the host country has the sufficient level...

This paper examines the importance of agglomeration economies and institutions vis-agrave;-vis initial conditions and factor endowments in explaining the locational choice of foreign investors. Using a unique panel data set for 25 transition economies between 1990 and 1998, we find that the main...

Although the theoretical literature has identified various sizeable benefits from foreign direct investment (FDI) inflows, the empirical literature has been unable to establish a positive and significant impact of FDI on the rates of economic growth of host countries. One reason for this...

Two faces of R&D (innovation and learning) and technology spillovers from FDI (foreign direct investment) on a firm's productivity growth are examined in this paper. Using firm-level panel data on Czech manufacturing firms between 1995 and 1998, I find that: First, the learning effect of R&D is...