Okada, Keisuke; Samreth, Sovannroeun - In: Global Economic Review 43 (2014) 3, pp. 207-220
We investigate the effect of foreign direct investment (FDI) on economic growth in 130 countries from 1995 to 2008, considering the role of corruption in each country as an absorptive factor. The estimation results indicate that although FDI alone does not promote economic growth, it has a...