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We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...
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Die vorliegende Studie wurde 1997-1998 im Auftrag des Bundesministeriums für wirtschaftliche Zusammenarbeit und Entwicklung vom ifo Institut erstellt. Ziel der Untersuchung war es, in einer Zeit, die durch große Probleme auf dem deutschen Arbeitsmarkt und knappe Ressourcen geprägt ist,...
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Foreign direct investment (FDI) is one of the most ambiguous and the least understood concepts in international economics. Common debate on FDI is confounded by several myths regarding its nature and impact on capital accumulation, technological progress, industrialization and growth. It is...
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