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This paper examines the indirect linkages among foreign direct investment (henceforth, FDI) and poverty reduction … that FDI inflows are able to contribute to higher growth and employment in poor countries? I argue yes. Behavior of FDI … therefore FDI can contribute to higher growth and employment in poor countries but only under certain circumstances, “Roll out …
Persistent link: https://www.econbiz.de/10013069634
This study focuses on the role of financial development in the economic growth of Central, Eastern and South-Eastern European (CESEE) countries in the post-communist era (1995–2014), which coincides with the opening up of financial markets to foreign investors and the global financial crisis....
Persistent link: https://www.econbiz.de/10012956602
This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that...
Persistent link: https://www.econbiz.de/10013050666
For three years after the typical developing country opens its stock market to inflows of foreign capital, the average annual growth rate of the real wage in the manufacturing sector increases by a factor of seven. No such increase occurs in a control group of developing countries. The temporary...
Persistent link: https://www.econbiz.de/10014209305
We discuss past performance and future challenges for the countries of Central and Eastern Europe (CEE). We highlight the successful convergence process of those countries, not least thanks to their integration into European and global value chains. As the external environment changes, so...
Persistent link: https://www.econbiz.de/10014555560
Using a panel data set covering 139 countries over the 1970-2009 period, we empirically investigate the role of foreign direct investment on growth through diffusion of technology and innovation. Using an otherwise standard growth regression and regressions on productivity growth, we introduce a...
Persistent link: https://www.econbiz.de/10013080764
This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and … markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we … show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in …
Persistent link: https://www.econbiz.de/10013317788
The relationship between financial development and poverty is one that has not been extensively explored in the … infant mortality as a proxy indicator of poverty, the results show that the relationship between financial development and … poverty. The result is important since it already controls for the effect that economic growth has on poverty reduction, given …
Persistent link: https://www.econbiz.de/10014164976
The objective of this paper is to examine whether foreign direct investments (FDI) in extractive sector enhances growth … models. The main findings are: First, the effect of FDI is very small, and it can have positive spillovers in the host … financial markets are inadequate to spur growth and enhance the role of FDI in the growth process in MENA oil producing …
Persistent link: https://www.econbiz.de/10009745993
The growth has been linked to foreign direct investment inflows. This paper examines whether FDI in extractive sector … coefficients of our models. The main findings are: First, the effect of FDI is very small, and it can have positive spillovers in …. Second, the financial markets are inadequate to spur growth and enhance the role of FDI in the growth process in MENA oil …
Persistent link: https://www.econbiz.de/10013067707