The "selling" of the American economy -- The invisible worker -- Foreign capital -- Not in my backyard -- Not in Washington's backyard, either -- Foreign owners, American management -- The welcome mat -- The race between the states -- View from the top -- The new face of the American economy

This study investigates the long-run relationships between inward FDI and economic outcomes in terms of value added and employment at the level of US states. Johansen's (1988) cointegration technique and Toda and Yamamoto's (1995) Granger causality tests are applied to data for the period of...