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. |
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Page 11
... coefficients and standard errors in current FDI-growth analyses by explicitly accounting for the inclusion of lagged dependent variables as regressors. By providing both OLS and the ABBB estimation results, Carkovic and Levine seek to ...
... coefficients and standard errors in current FDI-growth analyses by explicitly accounting for the inclusion of lagged dependent variables as regressors. By providing both OLS and the ABBB estimation results, Carkovic and Levine seek to ...
Page 26
... coefficients for spillovers, suggesting that the choice of cross-section or panel estimation may not be so crucial. Other subsequent studies have reported more evidence that wage spillovers 26 DOES FDI PROMOTE DEVELOPMENT?
... coefficients for spillovers, suggesting that the choice of cross-section or panel estimation may not be so crucial. Other subsequent studies have reported more evidence that wage spillovers 26 DOES FDI PROMOTE DEVELOPMENT?
Page 28
... coefficients vary substantially, but they remain statistically significant in all specifications.1 The largest coefficients are for Table 2.1 Wage spillovers in Indonesian manufacturing FDI variable Blue-collar. 1. See Lipsey and Sjöholm ...
... coefficients vary substantially, but they remain statistically significant in all specifications.1 The largest coefficients are for Table 2.1 Wage spillovers in Indonesian manufacturing FDI variable Blue-collar. 1. See Lipsey and Sjöholm ...
Page 29
... coefficients may represent the tendency of foreign firms to move into either high-wage geographical locations or highwage industries. Those possible biases are reduced by further geographical breakdown—by province—and by successively ...
... coefficients may represent the tendency of foreign firms to move into either high-wage geographical locations or highwage industries. Those possible biases are reduced by further geographical breakdown—by province—and by successively ...
Page 33
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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