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Trade Policy, Foreign Direct Investment, and Convergence

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  • Kyriaki Silvestriadou
  • V. N. Balasubramanyam

Abstract

This paper examines the hypothesis that countries which pursue export‐promoting (EP) policies are much more likely to converge than countries which pursue import‐substituting (IS) policies. The hypothesis is tested statistically in the context of a sample of developing countries which have in the recent past pursued inward‐looking or outward‐looking or export‐promotion (EP) policies. The empirical eviddence supports the hypothesis EP countries converge at approximately 1.9% per annum, while IS countries converge at approximately 0.9% per annum.

Suggested Citation

  • Kyriaki Silvestriadou & V. N. Balasubramanyam, 2000. "Trade Policy, Foreign Direct Investment, and Convergence," Review of Development Economics, Wiley Blackwell, vol. 4(3), pages 279-291, October.
    • Handle: RePEc:bla:rdevec:v:4:y:2000:i:3:p:279-291
    DOI: 10.1111/1467-9361.00095
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    Cited by:

    1. Ivan Stoykov, 2005. "Investments and Economic Growth Based on Endogenous Factors," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 30-41.
    2. Żuk, Piotr & Savelin, Li, 2018. "Real convergence in central, eastern and south-eastern Europe," Occasional Paper Series 212, European Central Bank.
    3. Alaya MAROUANE (Université de Tunis) & Dalila NICET-CHENAF (GREThA-GRES) & Eric ROUGIER (GREThA-GRES), 2008. "The law of growth and attraction: an endogenous model of absorptive capacities, FDI and income for MENA countries," Cahiers du GRES (2002-2009) 2008-21, Groupement de Recherches Economiques et Sociales.
    4. Mariusz Próchniak & Bartosz Witkowski, 2006. "Modelowanie realnej konwergencji w skali międzynarodowej," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 10, pages 1-31.
    5. repec:kap:iaecre:v:13:y:2007:i:3:p:365-378 is not listed on IDEAS
    6. Stephen Dobson & Carlyn Ramlogan & Eric Strobl, 2006. "Why Do Rates Of Β‐Convergence Differ? A Meta‐Regression Analysis," Scottish Journal of Political Economy, Scottish Economic Society, vol. 53(2), pages 153-173, May.
    7. Farhang Niroomand & Edward Nissan, 2007. "Socio-Economic Gaps within the EU: A Comparison," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(3), pages 365-378, August.

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