haku: @author Mello, L. R. de Jr. / yhteensä: 1
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| Tekijä: | Mello, L. R. de Jr. |
| Otsikko: | Foreign direct investment-led growth: Evidence from time series and panel data |
| Lehti: | Oxford Economic Papers
1999 : JAN, VOL. 51:1, p. 133-151 |
| Asiasana: | Foreign investment Time series Growth OECD Models |
| Vapaa asiasana: | FDI |
| Kieli: | eng |
| Tiivistelmä: | In this paper, the impact of foreign direct investment (FDI) on capital accumulation, and output and total factor productivity (TFP) growth in the recipient economy are estimated. Time series and panel data evidence are provided for a sample of OECD and non-OECD countries from 1970 to 1990. Although FDI is expected to boost long-run growth in the recipient economy via technological upgrading and knowledge spill-overs, it is shown that the extent to which FDI is growth-enhancing depends on the degree of complementarity and substitution btw. FDI and domestic investment. |
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