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Foreign direct investment-led growth: evidence from time series and panel data

de Mello Jr., Luiz R. (1999) Foreign direct investment-led growth: evidence from time series and panel data. Oxford Economic Papers, 51 (1). pp. 133-151. ISSN 0030-7653. (doi:10.1093/oep/51.1.133) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1093/oep/51.1.133

Abstract

This paper estimates the impact of foreign direct investment (FDI) on capital accumulation, and output and total factor productivity (TFP) growth in the recipient economy. Time series and panel data evidence are provided for a sample of OECD and non-OECD countries in the period 1970-90. Although FDI is expected to boost long-run growth in the recipient economy via technological upgrading and knowledge spillovers, it is shown that the extent to which FDI is growth-enhancing depends on the degree of complementarity and substitution between FDI and domestic investment.

Item Type: Article
DOI/Identification number: 10.1093/oep/51.1.133
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: M. Nasiriavanaki
Date Deposited: 01 Jul 2009 07:27 UTC
Last Modified: 07 Jun 2019 15:18 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/17277 (The current URI for this page, for reference purposes)
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