Does Foreign Direct Investment Promote Development?Theodore H. Moran, Magnus Blomstrom, Edward Montgomery Graham, Magnus Blomström What is the impact of foreign direct investment (FDI) on development? The answer is important for the lives of millions--if not billions--of workers, families, and communities in the developing world. The answer is crucial for policymakers in developing and developed countries, and in multilateral agencies. This volume gathers together the cutting edge of new research on FDI and host country economic performance and presents the most sophisticated critiques of current and past inquiries. It probes the limits of what can be determined from available evidence and from innovative investigative techniques. In addition, the book presents new results, concludes with an analysis of the implications for contemporary policy debates, and proposes new avenues for future research. |
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First , using panel data - that is , pooled cross - section and time - series datato make estimates allows researchers to exploit the time - series nature of the relationship between FDI and growth . Thus , the panel approach included ...
The SUR estimates do not control for unobserved heterogeneity across countries . Given the two time periods ( 1970–79 and 1980–89 ) , panel - data techniques can be applied to control for such heterogeneity , eliminating this potential ...
Table 9.6 Exploring inappropriate pooling of countries in SUR and random - effects estimates of FDI on aggregate investment rates for a panel of two decades , 1970–79 and 1980-89 ( continued ) Seemingly unrelated regressions LDC dummy ...
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Contents
RD Activities of Foreign and National | 107 |
Foreign Direct Investment and Local Economic | 137 |
Comment | 175 |
Copyright | |
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Does Foreign Direct Investment Promote Development? Theodore Moran,Edward M Graham,Magnus Blomström Limited preview - 2005 |