Given the protective nature of Japanese government with regard to foreign direct investment (FDI), there is a growing interest in examining the impact of FDI on the rate of economic growth of this nation. The immense literature on economic growth is composed of studies that concentrate on...

The controversial nature of the subject of foreign investment in recent years has called for more empirical research. One of the issues which have attracted the attention of scientists and policy markers is the question of efficiency of foreign firms versus local firms. This survey examines the...

This paper uses a monetary approach to examine the impact of change s in the exchange rate, domestic credit, and gros s domestic product on the balance of payments during devaluation episodes of less develope d countries (LDCs) and advanced countries (ACs). Second, it estimates t he relative...