Capital Inflow and Economic Growth
That openness and economic growth move together is a propostition which is well supported by empirical evidence. This study is a follow-up of our earlier work in which the emphasis was on the trade dimension of openness. In this paper, we focus on foreign investment in the context of the Indian economy. We make estimates of productivity gains from capital inflows, specifically long term inflows including foreign direct investment.
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|Date of creation:||Jul 1996|
|Date of revision:||1998|
|Publication status:||Published: – revised versions: Capital Inflows into Emerging India, Research in Asian Economic Studies, ed. Richard Hooley and Zainal-Abidin Mahani, Vol. 8, JAI Press, 1998, pp. 245–263; Economic Growth and Productivity Gains from Capital Inflows: Some Evidence for India, Journal of Quantitative Economics, Vol. 14, No. 1 (1998), pp. 81–108|
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