Does Foreign Direct Investment Promote Development?Theodore Moran, Edward M 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. |
From inside the book
Results 1-5 of 71
Page 4
... impact by exposing domestic firms to greater competition may miss an important analytical point: If incoming FDI raises average productivity across foreign-owned and domestically owned 4 DOES FDI PROMOTE DEVELOPMENT?
... impact by exposing domestic firms to greater competition may miss an important analytical point: If incoming FDI raises average productivity across foreign-owned and domestically owned 4 DOES FDI PROMOTE DEVELOPMENT?
Page 5
Theodore Moran, Edward M Graham, Magnus Blomström. incoming FDI raises average productivity across foreign-owned and domestically owned firms, the outcome for the host country should be considered favorable, even if the least efficient ...
Theodore Moran, Edward M Graham, Magnus Blomström. incoming FDI raises average productivity across foreign-owned and domestically owned firms, the outcome for the host country should be considered favorable, even if the least efficient ...
Page 9
... average costs, and lowers prices to all buyers, foreign and domestic. Görg and Strobl's empirical estimations use plant-level data from the Republic of Ireland. Using a simple entry model, Görg and Strobl find that the influx of FDI has ...
... average costs, and lowers prices to all buyers, foreign and domestic. Görg and Strobl's empirical estimations use plant-level data from the Republic of Ireland. Using a simple entry model, Görg and Strobl find that the influx of FDI has ...
Page 11
... average years of schooling, they find that FDI flows do not appear to boost growth. Carkovic and Levine argue that while sound host country economic policies may spur both growth and FDI, their results are inconsistent with the view ...
... average years of schooling, they find that FDI flows do not appear to boost growth. Carkovic and Levine argue that while sound host country economic policies may spur both growth and FDI, their results are inconsistent with the view ...
Page 12
... average levels of FDI are significantly correlated with above (historical) average growth rates. Even in the version of their analysis using the ABBB estimator, Carkovic and Levine's dismissal of the link between FDI and growth comes ...
... average levels of FDI are significantly correlated with above (historical) average growth rates. Even in the version of their analysis using the ABBB estimator, Carkovic and Levine's dismissal of the link between FDI and growth comes ...
Contents
1 | |
23 | |
What Do Firm Perceptions Tell Us? | 45 |
The Case for Public Intervention | 73 |
Chapter 5 RD Activities of Foreign and National Establishments in Turkish Manufacturing
| 107 |
Beyond Productivity Spillovers | 137 |
A Critical Survey and a Simple Model | 159 |
Gordon H Hanson | 175 |
Findings and Implications for Models and Policies Toward Trade and Investment | 245 |
Marc J Melitz | 273 |
Chapter 11 How Does FDI Affect Host Country Development? Using Industry Case Studies to Make Reliable Generalizations | 281 |
Review and Evaluation | 315 |
Chapter 13 Is Africas Skepticism of Foreign Capital Justified? Evidence from East African Firm Survey Data | 337 |
Robert Z Lawrence | 367 |
Chapter 14 Conclusions and Implications for FDI Policy in Developing Countries New Methods of Research and a Future Research Agenda | 375 |
About the Contributors | 397 |
Michael P Keane | 179 |
Chapter 8 Does Foreign Direct Investment Accelerate Economic Growth? | 195 |
Chapter 9 Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies | 221 |
Index | 405 |
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Common terms and phrases
affiliates with high Africa autarky average backward linkages benefits Blomström Blonigen capital China coefficient competition correlation country’s Czech Republic developing countries developing-country domestic firms downstream FDI econometric effects of FDI empirical employment enterprises entry estimates evidence export FDI inflows foreign affiliates Foreign Direct Investment foreign establishments foreign firms foreign investors Foreign ownership group Forfás global Görg higher host country host economy impact important increase indigenous Indonesian industry inputs intermediate International Economics intrafirm trade Javorcik joint ventures Journal Kenya Kokko labor LDCs Lipsey literature manufacturing measure MNCs Moran multinational corporation multinationals OECD OLS Panel OLS output panel data Panel OLS Panel parents pecuniary externalities percent plants positive productivity spillovers R&D activity R&D intensity random-effects regressions sector share Sjöholm Source statistically studies suppliers survey Table Tanzania technology transfer trade intrafirm Uganda UNCTAD value added variable vertical wages World Bank