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International Openness and Social Development as Endogenous Determinants of Growth

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  • Łukasz Goczek

    ()
    (Faculty of Economic Sciences, University of Warsaw)

Abstract

We study empirically the impact of social indicators on growth in the context of FDI and trade. In this article, we argue that the positive growth effects of FDI and trade arise from factors such as knowledge spillovers or technological upgrading. Therefore, the effect of FDI and trade depends on the structural and sectoral investment composition, which depends in turn on social indicators such as income inequality, human development, education, and health.

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File URL: http://www.wne.uw.edu.pl/inf/wyd/WP/WNE_WP62.pdf
File Function: First version, 2011
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Bibliographic Info

Paper provided by Faculty of Economic Sciences, University of Warsaw in its series Working Papers with number 2011-22.

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Length: 13 pages
Date of creation: 2011
Date of revision:
Handle: RePEc:war:wpaper:2011-22

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Keywords: growth; FDI; social development;

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  14. Richard Kneller & Philip Andrew Stevens, 2006. "Frontier Technology and Absorptive Capacity: Evidence from OECD Manufacturing Industries," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(1), pages 1-21, 02.
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  16. David H. Romer & Jeffrey A. Frankel, 1999. "Does Trade Cause Growth?," American Economic Review, American Economic Association, vol. 89(3), pages 379-399, June.
  17. Carmen Fillat Castejón & Julia Woerz, 2006. "Good or bad? The influence of FDI on output growth. An industry-level analysis," Documentos de Trabajo dt2006-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
  18. Irwin, Douglas A. & Tervio, Marko, 2002. "Does trade raise income?: Evidence from the twentieth century," Journal of International Economics, Elsevier, vol. 58(1), pages 1-18, October.
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