direct investment) turned out to be important drivers of GDP growth. …

We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between … mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two … types of FDI: unlike greenfield investment, M&As partly represent a rent accruing to previous owners, and do not necessarily …

in Gourinchas and Jeanne (2013) to compute regional investment and saving wedges. By relating those frictions with TFP … catch-up parameters, we find an investment and a saving puzzle: regions that caught up relative to the rest of China seem to … have lower investment rate (higher investment tax) and higher saving (lower saving tax) relative to the prediction of the …

The aim of this paper is to empirically investigate the relationship between FDI and domestic investment in a sample of … phenomenon, with a short-term crowding out effect on domestic investment, followed by a long-term crowding in. Greenfield FDI … develops stronger long run complementarities with domestic investment, while mergers and acquisitions do not show a significant …

This paper investigates the impact of direct investment by foreign-owned companies on technical progress and hence … intra-industry and inter-industry spillovers from inward investment. These findings remain robust even when other factors … such as imports and domestic R&D expenditures are allowed for. Inward investment appears to be a much more important source …

We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology …

equilibria, and different kinds of capital flows may push investment in one direction or the other for sustained periods of time. …