This paper challenges the widespread belief that FDI generally has a positive impact on economic growth in developing … countries. It addresses the limitations of the existing literature and re-examines the FDI-led growth hypothesis for 28 … countries FDI has no statistically significant long-run impact on growth. In very few cases, FDI indeed contributes to economic …

imperfect, the wealth distribution typically determines an economy's growth potential in autarky; hence, high exposure to …

We explore the effect of foreign direct investment (FDI) on economic growth in developing countries, distinguishing … with respect to their influence on growth. While Greenfield FDI substantially enhances growth, M&As have no effect, at best … rate. The resulting loss in price competitiveness may explain the poor growth effect of the M&A variant of FDI. …

effect through investments and income inequality. Indeed, democratic institutions attract investments that hurt environment …

urban environment - in particular the quality of urban infrastructure - strongly determine the growth-enhancing benefits of … and sanitation. Building on previous evidence on urban concentration and economic growth, in this paper we analyse … urban concentration (something that previous studies on urban concentration and economic growth have not considered …

I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to … analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest … raises growth of technology, labor productivity and real wages. I show, however, that a slowdown in productivity and …

We analyze within a spatial endogenous growth setting the impact of public policy coordination on regional inequality …