which growth requires both decisions of firms regarding training of managers in order to expand, representing the absorption … and the overall effect over growth are highly debatable. This study claims that although capital flows may be required for … the increase in output, other forces are causing this growth and creating the demand for capital. We construct a model in …

economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7 …% at the 2020 horizon. However, in order to sustain vigorous growth and improve the well-being of most citizens, renewed …-friendly growth. …

physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …

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 …We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between …

This paper investigates the effect of FDI on economic growth conditional on the institutional quality of host countries … develop several arguments to show that institutional quality modulates the intensity of FDI impact on growth. Using a … threshold of institutional quality that influence the FDI growth effect. These results have significant implications for policy …

growth, currency appreciation, and the global financial conditions. …

) including the products and services which are illegal. We analyse the effects of these shocks on growth and capital stocks by … growth model. The shadow activity generally has a negative impact on productivity and the capital stock. But its effect on …-state growth rates in the two regions. An increase in illicit sector activity that is mainly expropriated by warlords leads to an …

physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …

countries. International growth differentials will fall as diminishing returns with respect to the national knowledge stock … apply. The domestic growth rat e will finally equal the world-wide growth rate, which is endogenous if constant returns …