Focusing on technology spillover from foreign direct investment (FDI) inflows, this paper investigates the welfare implications of financial integration. Calibrations of a neoclassical growth model with international technology diffusion show that when technology catch-up due to FDI inflows is...

The study attempts to examine the nature of causality between foreign capital inflows components and real GDP (economic growth) and also, the impact of foreign capital inflows on economic growth in Nigeria. The dynamic interaction among aid, remittance, FDI and external debt and growth of the...

Foreign direct investments (FDI) are an important determinant of economic growth. Coun-tries try to attract mobile capital in order to foster economic development, albeit FDI might increase regional inequality since the many different regions of a country usually do not receive FDI in equal...

Technological spillovers from foreign direct investment and their determinants and impacts in a host country¡¦s growth process are some of the most widely debated issues in development economics. The proponents of endogenous growth theory and evolutionary economics contend strongly that...

The beneficial impact of FDI was especially important for the transition economies in Central and Eastern Europe, in need for additional capital investment, as well as access to foreign technology and management techniques in order to modernise and improve their economies and narrow the...

Against the backdrop of critique on the German model of capitalism in general, and German public policy in particular as to the ability to successfully adjust to rapid change and exogenous shocks in wake of economic globalisation, this paper investigates the degree of shock persistence in...

The developing countries multiply incentive policies to attract foreign direct investment, to benefit from positive effects of "spillovers".. The objective of our paper is to check first whether the impact of these flows is automatic or otherwise requires a number of conditions within the host...

Using an econometric model, this paper investigates the determining factors of foreign direct investment (FDI) in Morocco from 1960 to 2000. During this period Morocco was one of the most important recipients of FDI inflows in the Middle East and North African. This period is characterized by...

We analyze the role of innovation in the technological development of four new members of the European Union: the Czech Republic, Hungary, Poland, and Slovakia. For that purpose, we use a novel approach, modeling the empirical relationship between intraindustrial bilateral trade flows, which...

This paper investigates the impact of domestic investment on Foreign Direct Investment (FDI) to Developing Countries (DC). While the literature has provided numerous studies on the effects of FDI on growth and investment in host-country, very little is known about how domestic investment itself...