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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In contrast , some theories predict that FDI in the presence of preexisting trade , price , financial , and other distortions will hurt resource allocation and slow growth ( Boyd and Smith 1992 ) . Thus , theory produces ambiguous ...
To assess the link between international capital flows and economic growth and its sources , we control for other growth determinants : Initial income per capita equals the logarithm of real per capita GDP at the start of each period ...
microeconomic evidence - reduces confidence in the belief that FDI accelerates GDP growth . Fourth , we examined whether FDI affects productivity growth using the Easterly and Levine ( 2001 ) measure of total factor productivity ( TFP ) ...
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Contents
RD Activities of Foreign and National | 107 |
Foreign Direct Investment and Local Economic | 137 |
Comment | 175 |
Copyright | |
11 other sections not shown
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Does Foreign Direct Investment Promote Development? Theodore Moran,Edward M Graham,Magnus Blomström Limited preview - 2005 |