This article examines the role of bilateral FDI and income convergence in affecting HDI increase in countries with middle HDI in ASEAN. The ASEAN Economic Community has been developing and it is expected that the gaps between nations can be covered. This article explores how economic...

This paper revisits the argument on the contentious causality relationship between net FDI inflows and GDP among the pioneering Association of Southeast Asian Nations (ASEAN-5) members using data from 1970 till 2013. Although two-way correlations exist between these two variables in these...

Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....

This paper finds convergence of real per capita GDP in Mexico`s states and regions during the period of higher average national per capita growth (1970-85), and divergence during the lower-growth period (1985-93). These results hold across states and regions and within regions. The poorest...

This paper finds convergence of real per capita GDP in Mexico’s states and regions during the period of higher average national per capita growth (1970-85), and divergence during the lower-growth period (1985-93). These results hold across states and regions and within regions. The poorest...

Although empirical studies of the link between foreign direct investment, foreign portfolio investment, and economic development have long influenced economic studies, the results have been inconclusive. Focusing on ten countries, this study contributes to our understanding of foreign investment...