Asia is the largest recipient of foreign direct investment inflows in the world, which is the 9% of the total FDI inflows of Asia. This research analyzes the multidimensional spillovers from FDI inflows on the economic growth of selected South Asian economies (India, Srilanka, Pakistan and...

One of the most outstanding features of the trend toward globalization has been the increased importance of foreign direct investment (FDI) flows around the world. This study estimates the determinant of FDI flows using the gravity equation, controlling for the importance of both the traditional...

We adopt the framework of Schumpeterian creative destruction formalized by Aghion et al. (2009) to analyze the impact of foreign entry on the productivity growth of domestic firms. In the face of foreign entry, domestic firms exhibit heterogeneous patterns of growth depending on their...

Cuba opens a door to the world: the United States engages -- The old Cuban economy and Raul Castro's efforts to fix it -- Dancing with many partners: good balance, poor execution -- Opening to foreign investment: new portfolio opportunities -- Joint ventures in Cuba: seven case studies --...