This paper studies the effects of foreign direct investment (FDI) on national economic growth with the help of GMM … panel regressions. Effects on productivity growth, capital and labor inputs as well as innovation activities are … separately. Effects of FDI on production capacities are found for more developed countries in the first time period, while …

The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Focusing on the direct channels of growth, the author has found both positive and negative contribution of finance to … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated …