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 88
Page 4
... effects” whereby the success of one foreign investor induces other investors ... FDI and host country economic performance. Looking first at wage spillovers ... FDI on domestic firms has been giving way to more positive results—a trend ...
... effects” whereby the success of one foreign investor induces other investors ... FDI and host country economic performance. Looking first at wage spillovers ... FDI on domestic firms has been giving way to more positive results—a trend ...
Page 11
... FDI-growth studies by controlling for any country-specific fixed effects;5 control for the potential endogeneity of the explanatory variables to reduce estimation biases; and eliminate biases in the estimated coefficients and standard ...
... FDI-growth studies by controlling for any country-specific fixed effects;5 control for the potential endogeneity of the explanatory variables to reduce estimation biases; and eliminate biases in the estimated coefficients and standard ...
Page 12
... FDI research: research on the determinants of cross-country FDI activity; research on the effects of FDI on country-level growth; and research on the issue of whether FDI crowds out (or crowds in) domestic investment in the host country ...
... FDI research: research on the determinants of cross-country FDI activity; research on the effects of FDI on country-level growth; and research on the issue of whether FDI crowds out (or crowds in) domestic investment in the host country ...
Page 15
... FDI. The studies in this section go well beyond the findings of “diverse” impacts of FDI on a host country economy. The authors ... effects—the first beneficial, the second harmful. On the positive side, Moran shows that when parents use ...
... FDI. The studies in this section go well beyond the findings of “diverse” impacts of FDI on a host country economy. The authors ... effects—the first beneficial, the second harmful. On the positive side, Moran shows that when parents use ...
Page 24
... effects on host country economic growth, Carkovic and Levine (2002) found no significant effect of FDI inflows over the entire 1960–95 period and only irregularly significant effects in five-year intervals. None of the variables found ...
... effects on host country economic growth, Carkovic and Levine (2002) found no significant effect of FDI inflows over the entire 1960–95 period and only irregularly significant effects in five-year intervals. None of the variables found ...
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