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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....
Persistent link: https://www.econbiz.de/10010251655
home country. This paper investigates the effects on productivity and trade from the perspective of transaction costs … suggests that the effect of offshoring manufacturing and services on total factor productivity (TFP) is positive and larger … than the effect of R&D on productivity. …
Persistent link: https://www.econbiz.de/10011373831
This study investigates: (i) the effect of foreign direct investment (FDI) on total factor productivity (TFP) and …
Persistent link: https://www.econbiz.de/10012798944
Using a cross-sectional dataset of 13 manufacturing sectors in 27 Asian developing countries from 2008 to 2022, we investigated the impact of the presence of foreign firms on wages of workers from domestic firms. First, we found that the average wage of workers from foreign firms is higher than...
Persistent link: https://www.econbiz.de/10014574326
A considerable degree of business cycle synchronization is key to a successful operating currency union. The European Monetary Union as well as many other countries strives to attract foreign direct investment (FDI) because of its reputation as being highly beneficial for the host economy. But...
Persistent link: https://www.econbiz.de/10010432451
productivity growth - is observed for foreign direct investment (FDI) flows, which should be particularly sensitive to productivity …, construction, mining/petroleum/utilities, and tourism sector. By contrast, we show that countries with faster productivity growth … role for financial openness: a country with fast productivity growth draws in more FDI into its service sectors only when …
Persistent link: https://www.econbiz.de/10008758917
productivity growth - is observed for foreign direct investment (FDI) flows, which should be particularly sensitive to productivity …, construction, mining/petroleum/utilities and tourism sector. By contrast, we show that countries with faster productivity growth in … financial openness: a country with fast productivity growth draws in more FDI into its service sectors only when it is …
Persistent link: https://www.econbiz.de/10008759323
This study investigates: (i) the effect of foreign direct investment (FDI) on total factor productivity (TFP) and …
Persistent link: https://www.econbiz.de/10013311097
Using a panel of 11 upper-middle income emerging economies, the paper investigates financial development threshold levels that influence FDI inflows. Our findings show that higher banking sector and stock market development above the threshold levels have a positive and significant impact on FDI...
Persistent link: https://www.econbiz.de/10012949765
This paper revisits the link between FDI and economic growth in emerging and developing economies. When we study the early decades of our sample, we find that there is no statistically significant correlation between FDI and growth for countries with average levels of education or financial...
Persistent link: https://www.econbiz.de/10013460132