future. China has enjoyed high annual GDP growth rates of about ten percent in the last 25 years. Exports and investment were …

The aim of this paper is to empirically investigate the relationship between FDI and domestic investment in a sample of … phenomenon, with a short-term crowding out effect on domestic investment, followed by a long-term crowding in. Greenfield FDI … develops stronger long run complementarities with domestic investment, while mergers and acquisitions do not show a significant …