IDEAS home Printed from
   My bibliography  Save this article

The Investment Development Path – Literature Review


  • Trufin Ovidiu Serafim

    () (“Alexandru Ioan Cuza” University of Iasi)


This article aims to identify the differences between the Narula’s model regarding the five stages of investment development path and the economic reality. In other words, we try to determine if the model presented by Narula reflectes what is happening on the economic environment of a country or not. Is the Narula’s model of five stages of investment development path really capable of reflecting the level of development of a country or not? In order to answer to these questions 10 relevant articles had been analyzed. These were published during 1996 – 2009 in the Transnational Corporations, Journal of International Business Studies and Working Papers Series. We find out that even if the Narula’s model of five stages of investment development path is very detailed and concret model the reality show us that some countries may be in different stages than the one specified by the Narula’s traditional model.

Suggested Citation

  • Trufin Ovidiu Serafim, 2011. "The Investment Development Path – Literature Review," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 2170-2174, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:2170-2174

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    foreign direct investment; investment development path; Multinational Corporation; host economy;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:2170-2174. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gheorghiu Gabriela). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.