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Foreign Capital, Urban Unemployment, and Economic Growth

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  • Fung, Michael Ka-yiu
  • Zeng, Jinli
  • Zhu, Lijing

Abstract

A three-sector endogenous growth model, is used to study the effects of foreign direct investment (FDI) on the dynamics of urban unemployment, labour income, and capital income as well as national welfare in a Harris-Todaro economy. It is shown that more FDI can affect the economy's dynamics and national welfare positively or negatively. The paper derives conditions as to how the growth rate and welfare effects of FDI relate to the intersectoral mobility of capital, the destination of FDI, the elasticities of substitution, and the factor intensities of the final good production. Copyright 1999 by Blackwell Publishing Ltd.

Suggested Citation

  • Fung, Michael Ka-yiu & Zeng, Jinli & Zhu, Lijing, 1999. "Foreign Capital, Urban Unemployment, and Economic Growth," Review of International Economics, Wiley Blackwell, vol. 7(4), pages 651-664, November.
  • Handle: RePEc:bla:reviec:v:7:y:1999:i:4:p:651-64
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    Cited by:

    1. Tarp, Finn, 2003. "Udviklingsbistanden i perspektiv
      [Foreign Aid in Perspective]
      ," MPRA Paper 64172, University Library of Munich, Germany.
    2. Chella, Namapsa & Phiri, Andrew, 2017. "Long-run cointegration between foreign direct investment, direct investment and unemployment in South Africa," MPRA Paper 82371, University Library of Munich, Germany.
    3. Kristof Dascher, 2015. "Foreign Direct Investment into Open and Closed Cities," Scottish Journal of Political Economy, Scottish Economic Society, vol. 62(2), pages 191-210, May.
    4. Adam P. Balcerzak & Miroslawa Zurek, 2011. "Foreign Direct Investment and Unemployment: VAR Analysis for Poland in the Years 1995-2009," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 3-14.

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