Ross Levine and David Renelt's (LR) paper [1992] investigate the "robustness" of the relationship between growth, investment, and variables of interest using Leamer's [1985] Extreme Bounds Analysis (EBA). LR claim that few economic variables have a robust relationship with either long-run...

This paper investigates the relationship between political regimes and Foreign Direct Investment (FDI) inflows to the developing countries for a sample of 134 countries over the 1983-2002 period. Using two categorical measures of regime type and three different measures of FDI, this study finds...

This paper examines whether democracy promotes financial development. While cross-section results show a positive association between democracy and bank development, this relationship disappears in panel regressions. The data also reveals that democracy is not positively related to stock market...

This article investigates the relationship between foreign direct investment (FDI) inflows and economic growth for a panel of 110 countries over the period 1973 to 2002. The results show that the growth effect of FDI varies by region and over time.