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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Whether the effect of MNCs on productivity of host country firms is , on average , positive or negative is , therefore , ambiguous and needs to be decided empirically . An empirical analysis of productivity spillovers usually comprises ...
A positive correlation between Yir and FDI ; in the cross section — as many studies find for productivity and for wages — is not very informative . It does not reveal whether FDI raises productivity or whether multinationals are ...
One key source of endogeneity is that MNCs may be attracted to invest in countries that have high productivity . A country's solid legal framework ... All these factors would presumably lead to more productive domestic firms as well .
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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 |