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Persistent link: https://www.econbiz.de/10014442608

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An FDI is an FDI is an FDI? : the growth effects of greenfield investment and mergers and acquisitions in developing countries

Harms, Philipp; Méon, Pierre-Guillaume - 2011 - This version: November 15, 2011

We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...