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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Part II turns from the impact of FDI on host welfare to the particular relationship between FDI and host - country growth . One study fails to find any indication that FDI accelerates growth as a general proposition .
The latter subsidiaries have a much less positive — and sometimes demonstrably negative - impact on the local economy . Using detailed case studies of FDI , sector by sector , Moran demonstrates this contrast in performance first in ...
Methodologically , we use the Generalized Method of Moments ( GMM ) panel estimator to extract consistent and efficient estimates of the impact of FDI flows on economic growth . Unlike past work , the GMM panel estimator exploits the ...
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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 |