Economic growth in the presence of FDI: the perspective of newly industrializing economies
This article presents two propositions on the role of FDI in economic growth: (1) FDI is a mover of production efficiency and (2) FDI is a shifter of the host country's production frontier. It then employs a production function with a large panel data set from the Chinese regions over 1979-2003 to test the propositions.
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Volume (Year): 15 (2008)
Issue (Month): 11 ()
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