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 xi
... positive spillovers that benefit host economies. New data from industry surveys document many examples of positive spillovers (or externalities)—that is, benefits to the host economy beyond what can be captured by the foreign investors ...
... positive spillovers that benefit host economies. New data from industry surveys document many examples of positive spillovers (or externalities)—that is, benefits to the host economy beyond what can be captured by the foreign investors ...
Page xii
... positive correlation. Can these opposing findings be reconciled? Part II concludes with a synthesis showing that the solution lies in examining whether increases in FDI and trade take place together in the countries included in the ...
... positive correlation. Can these opposing findings be reconciled? Part II concludes with a synthesis showing that the solution lies in examining whether increases in FDI and trade take place together in the countries included in the ...
Page 3
... positive externalities (“spillovers”) for the host economy. Positive externalities can be defined as benefits created by the project that are not appropriated by the foreign investor undertaking the project, nor by the factors of ...
... positive externalities (“spillovers”) for the host economy. Positive externalities can be defined as benefits created by the project that are not appropriated by the foreign investor undertaking the project, nor by the factors of ...
Page 4
... positive results—a trend that is substantially reinforced from the findings reported in this volume. Reviewing studies on productivity spillovers in Indonesian manufacturing, Lipsey and Sjöholm note that all cross-section studies and ...
... positive results—a trend that is substantially reinforced from the findings reported in this volume. Reviewing studies on productivity spillovers in Indonesian manufacturing, Lipsey and Sjöholm note that all cross-section studies and ...
Page 5
... positive impact of knowledge flows from the potentially negative short-run effect that an increase in competitive pressures from foreign entry may have on some domestic firms. Since it is difficult to capture each effect separately, in ...
... positive impact of knowledge flows from the potentially negative short-run effect that an increase in competitive pressures from foreign entry may have on some domestic firms. Since it is difficult to capture each effect separately, in ...
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