The Role of Foreign Direct Investment and Natural Resources in Economic Development
AbstractThis paper analyzes the role of FDI on economic growth, and discusses whether, based on these results, there is some rationale for special policies that discriminate in favor of particular sectors to attract FDI and to promote growth. At a sectoral level, this paper also discusses the role of natural resources on economic growth. The view that having natural resources is bad for growth and welfare is questioned.
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Bibliographic InfoPaper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 196.
Date of creation: Jan 2003
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-03-25 (All new papers)
- NEP-DEV-2004-09-12 (Development)
- NEP-RES-2004-09-12 (Resource Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ann E. Harrison & Brian J. Aitken, 1999. "Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela," American Economic Review, American Economic Association, vol. 89(3), pages 605-618, June.
- V. N. Balasubramanyam & M. Salisu & David Sapsford, 1999. "Foreign direct investment as an engine of growth," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 8(1), pages 27-40.
- Robert E. Lipsey, 2000. "Interpreting Developed Countries' Foreign Direct Investment," NBER Working Papers 7810, National Bureau of Economic Research, Inc.
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