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Multinationals in economic development: the benefits of FDI

Author

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  • Harrison, Ann

Abstract

During her five years at the World Bank, Harrison initiated four studies involving multinational enterprises in four developing countries: Ivory Coast, Mexico, Morocco and Venezuela. These studies measure the role of multinational enterprises in promoting technology transfer; test whether multinationals push up wages for local workers; and analyze the validity of the "pollution haven hypothesis," which states that foreign investors flock to developing countries to take advantage of lax environmental standards. Harrison finds no evidence of pollution havens and shows that multinationals raise wages for local workers. However, she finds that technology transfer has generally been limited to the joint ventures who receive foreign equity participation.

Suggested Citation

  • Harrison, Ann, 1994. "Multinationals in economic development: the benefits of FDI," MPRA Paper 36270, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:36270
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    File URL: https://mpra.ub.uni-muenchen.de/36270/1/MPRA_paper_36270.pdf
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    References listed on IDEAS

    as
    1. Aitken, Brian & Hanson, Gordon H. & Harrison, Ann E., 1997. "Spillovers, foreign investment, and export behavior," Journal of International Economics, Elsevier, vol. 43(1-2), pages 103-132, August.
    2. Grossman, G.M & Krueger, A.B., 1991. "Environmental Impacts of a North American Free Trade Agreement," Papers 158, Princeton, Woodrow Wilson School - Public and International Affairs.
    3. Haddad, Mona & Harrison, Ann, 1993. "Are there positive spillovers from direct foreign investment? : Evidence from panel data for Morocco," Journal of Development Economics, Elsevier, vol. 42(1), pages 51-74, October.
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    Citations

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    Cited by:

    1. Ozturk, Ilhan & Kalyoncu, Huseyin, 2007. "Foreign Direct Investment and Growth: An Empirical Investigation based on Cross-Country Comparison," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 60(1), pages 75-81.
    2. Paul W. Beamish and Andrew Delios & Paul W. Beamish and Andrew Delios, 1998. "Japanese Investment in Transitional Economies: Characteristics and Performance," William Davidson Institute Working Papers Series 194, William Davidson Institute at the University of Michigan.
    3. Glass, Amy Jocelyn & Saggi, Kamal, 1999. "FDI policies under shared factor markets," Journal of International Economics, Elsevier, vol. 49(2), pages 309-332, December.
    4. Chowdhury, Abdur R. & Mavrotas, George, 2005. "FDI and Growth: A Causal Relationship," WIDER Working Paper Series 025, World Institute for Development Economic Research (UNU-WIDER).
    5. Beladi, Hamid & Chao, Chi-Chur & Frasca, Ralph, 1999. "Foreign investment and environmental regulations in LDCs," Resource and Energy Economics, Elsevier, vol. 21(2), pages 191-199, May.
    6. Harrison, Ann, 1995. "Determinants and effects of direct foreign investment in Cote d'Ivoire, Morocco, and Venezuela," MPRA Paper 36594, University Library of Munich, Germany.
    7. Bartels, Frank L. & Napolitano, Francesco & Tissi, Nicola E., 2014. "FDI in Sub-Saharan Africa: A longitudinal perspective on location-specific factors (2003–2010)," International Business Review, Elsevier, vol. 23(3), pages 516-529.
    8. Karimi, Mohammad Sharif & Yusop, Zulkornain, 2009. "FDI and Economic Growth in Malaysia," MPRA Paper 14999, University Library of Munich, Germany.
    9. Kanwar, Sunil, 2007. "Intellectual Property Protection and Technology Transfer: Evidence From US Multinationals," University of California at San Diego, Economics Working Paper Series qt606508js, Department of Economics, UC San Diego.
    10. Sunil Kanwar, 2009. "Intellectual Property Protection And Technology Transfer The Case Of Overseas R & D," Working Papers id:1948, eSocialSciences.

    More about this item

    Keywords

    multinational corporations; wages; pollution havens; technology transfer;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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