Foreign direct investment-led growth: evidence from time series and panel data

Clicks: 12
ID: 292298
1999
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Abstract
This paper estimates the impact of foreign direct investment (FDI) on capital accumulation, and output and total factor productivity (TFP) growth in the recipient economy. Time series and panel data evidence are provided for a sample of OECD and non-OECD countries in the period 1970-90. Although FDI is expected to boost long-run growth in the recipient economy via technological upgrading and knowledge spillovers, it is shown that the extent to which FDI is growth-enhancing depends on the degree of complementarity and substitution between FDI and domestic investment.
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openalex_W2108747612 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Luiz De Mello
Journal oxford economic papers-new series
Year 1999
DOI
10.1093/oep/51.1.133
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Keywords Keywords not found

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