Alfaro, Laura; Chanda, Areendam; Kalemli-Ozcan, Sebnem; … - 2021
markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we …This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and … show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in …