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direct investment for an EU and EMU member country, Greece, by applying cointegration tests and Granger causality analysis … one and two year lags imply, strongly indicating that foreign capital penetration Granger-causes economic growth in Greece … foreign funds in the future, as evidence imply for the case of Greece …
Persistent link: https://www.econbiz.de/10012857263
Accession of the Western Balkans -- 9. Greece as a Bridge to the Most Vibrant Region of the Next Decades -- 10. The Third …, transport policy, the informal sector, employment, recovery and enlargement. Four chapters focus on Greece, which has been the …
Persistent link: https://www.econbiz.de/10012398597
Using a novel panel dataset of Egyptian governorates for the period 1992-2007, we investigate the effects of aggregate and sectoral foreign direct investment (FDI) on Egypt's economic growth. We distinguish between FDI in the manufacturing, agriculture and service sector. The similarity of...
Persistent link: https://www.econbiz.de/10012414512
The three main financial inflows to developing countries have largely increased during the last two decades, despite the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging literature investigates the dependence of their effects on...
Persistent link: https://www.econbiz.de/10012605579
We assess the role of capital goods imports and inflows of foreign direct investment (FDI) as transmission channels through which major emerging economies (BRICs, i.e., Brazil, Russian Federation, India and China) could catch up with advanced source countries in terms of total factor...
Persistent link: https://www.econbiz.de/10010479372
This study examines the effects of foreign direct investment (FDI) and equity foreign portfolio investment (EFPI) on economic growth using data on 80 countries from 1979 through 1998. The results largely suggest that lagged FDI and EFPI do not have direct, unmitigated positive effects on growth,...
Persistent link: https://www.econbiz.de/10012868624
Foreign direct investment (FDI) is generally considered a driving factor to economic growth. Nevertheless, empirical evidence is rather mixed, reporting a positive, neutral, or even negative relationship of FDI with growth. Our investigation concentrates on the impact of FDI inflows on growth...
Persistent link: https://www.econbiz.de/10012164555
This paper analyzes the necessary local conditions required for the existence of positive spillovers from multinationals' entry and it consists of a unified study of absorptive capacities. We start from the idea that FDI speeds up the diffusion of technologies across countries. Yet, the question...
Persistent link: https://www.econbiz.de/10013107877