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 6-10 of 65
Page 25
... wage spillovers, which are not as numerous as those on productivity. There are several general issues that run through almost all the wage studies. One issue is that wage levels are calculated as total wages or total compensation per ...
... wage spillovers, which are not as numerous as those on productivity. There are several general issues that run through almost all the wage studies. One issue is that wage levels are calculated as total wages or total compensation per ...
Page 26
... wage premium in foreignowned firms (Lipsey 2004). Foreign firms pay higher employee wages in both developed and developing countries, after controlling for firmspecific characteristics. It is of course possible that high employee wages ...
... wage premium in foreignowned firms (Lipsey 2004). Foreign firms pay higher employee wages in both developed and developing countries, after controlling for firmspecific characteristics. It is of course possible that high employee wages ...
Page 27
... wage spillovers occur. Figlio and Blonigen (2000) concluded that the effect of a large new foreign investment in South Carolina on aggregate wage levels was so large that it could not have been solely the result of the high employee wages ...
... wage spillovers occur. Figlio and Blonigen (2000) concluded that the effect of a large new foreign investment in South Carolina on aggregate wage levels was so large that it could not have been solely the result of the high employee wages ...
Page 28
... wages from what it is for productivity. For wages, the appropriate definition depends on the range of a labor market within which wages tend to be equalized, or at least within which one firm's wages influence those in other firms. The ...
... wages from what it is for productivity. For wages, the appropriate definition depends on the range of a labor market within which wages tend to be equalized, or at least within which one firm's wages influence those in other firms. The ...
Page 29
... wage White-collar wage Two-digit national 1.07 1.04 (21.83)*** (16.42)*** Three-digit national 0.28 0.34 (6.20)*** (5.43) ... wages in other industries and provinces—possibly a more important effect than any within the same industry and ...
... wage White-collar wage Two-digit national 1.07 1.04 (21.83)*** (16.42)*** Three-digit national 0.28 0.34 (6.20)*** (5.43) ... wages in other industries and provinces—possibly a more important effect than any within the same industry and ...
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