the U.S. Services Sector: New Sources of Economic Growth", by Jack Triplett and Barry Bosworth from the Brookings …

This paper investigates statistical relationships between economic growth, foreign direct investment (FDI) and trade …, Japan, Norway, Spain, Switzerland and the USA, between 1970 and 2010. We find that foreign direct investment, trade openness … and economic growth are co-integrated, suggesting the presence of long-run equilibrium relationships between them. Our …

Foreign Direct Investment (FDI) is widely believed to have positive effects on economic growth; yet for Cambodia, over … 19 years (1993-2011) of attracting FDI inflows, the growth rate of Gross Domestic Product (GDP) has averaged at 7%, which … demand a modest attempt to study their relationship whether FDI drives growth of Cambodia’s economic output. This paper aims …

The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult …

We propose a nonparametric approach to the estimation and testing of structural change in time series regression models …

(FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity … gains for domestic firms. The size of FDI spillovers is economically important, accounting for about 11 percent of … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …

-term benefits of financial openness for broader-based growth should not be forgotten. …

rates of FDI as well as domestic capital formation. This "investment hunger" can lead to unanticipated declines in the …

direct investment is also substantial. We explain these features in terms of a conventional neoclassical growth model-with no … would probably not change the real factors that have sustained rapid growth. …

stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an …