uncertainty, a stochastic dynamic growth model with the public sector is examined. It is shown that deterministic excessive red …, the private agents are bound to face uncertainty with respect to their disposable incomes. To analyse effects of this … tape and corruption deteriorate the growth potential through income redistribution and public sector inefficiencies. Most …

uncertainty, a stochastic dynamic growth model with the public sector is examined. It is shown that deterministic excessive red …, the private agents are bound to face uncertainty with respect to their disposable incomes. To analyse effects of this … tape and corruption deteriorate the growth potential through income redistribution and public sector inefficiencies. Most …

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. …

We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between … contribute to expanding the host country's capital stock. The model suggests that greenfield FDI has a stronger impact on growth … than M&A sales. This hypothesis is supported by our empirical results, which show that greenfield FDI enhances growth …

Globally, investments in physical and human capital have been identified to foster real economic growth and development … complements or substitutes in varying scenarios. While domestic investments bring about endogenous growth processes, foreign … investment, though may be exogenous to growth, has been identified to bring about productivity and ecological spillovers. In view …