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Foreign Direct Investment And Economic Growth: The Growth Accounting Perspective

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Listed author(s):
  • MIAO WANG
  • M. C. SUNNY WONG

Abstract

"A positive relationship between FDI and economic growth under two economic conditions has been estimated: a sufficient level of human capital and well-developed financial markets, respectively. However, these two conditions can be fundamentally different catalysts for FDI to promote economic growth in the perspective of growth accounting. Using data from 69 countries over 1970-1989, we find that FDI promotes productivity growth only when the host country reaches a threshold level of human capital; and FDI promotes capital growth only when a certain level of financial development is achieved." ("JEL" F21) Copyright (c) 2008 Western Economic Association International.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1465-7295.2008.00133.x
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Article provided by Western Economic Association International in its journal Economic Inquiry.

Volume (Year): 47 (2009)
Issue (Month): 4 (October)
Pages: 701-710

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Handle: RePEc:bla:ecinqu:v:47:y:2009:i:4:p:701-710
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Find related papers by JEL classification:

  • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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Cited by:

  1. Gulcin Elif Yucel, 2014. "FDI and Economic Growth: The Case of Baltic Countries," Research in World Economy, Research in World Economy, Sciedu Press, vol. 5(2), pages 115-134, September.
  2. Dierk Herzer, 2017. "The long-run effect of FDI on TFP in the United States," Economics Bulletin, AccessEcon, vol. 37(1), pages 568-578.
  3. Wasseem Mina & Louis Jaeck, 2015. "Labor Market Flexibility and FDI Flows: Evidence from Oil-Rich GCC and Middle Income Countries," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1501, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
  4. Ashraf, Ayesha & Herzer, Dierk & Nunnenkamp, Peter, 2014. "The effects of Greenfield FDI and cross-border M&As on total factor productivity," Kiel Working Papers 1941, Kiel Institute for the World Economy (IfW).
  5. Kim, Dong-Hyeon & Lin, Shu-Chin & Suen, Yu-Bo, 2013. "Investment, trade openness and foreign direct investment: Social capability matters," International Review of Economics & Finance, Elsevier, vol. 26(C), pages 56-69.
  6. Rajneesh Narula & André Pineli, 2016. "Multinational Enterprises and Economic Development in Host Countries: What We Know and What We Don’t Know," John H Dunning Centre for International Business Discussion Papers jhd-dp2016-01, Henley Business School, Reading University.

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