Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
963264 | Journal of International Financial Markets, Institutions and Money | 2009 | 12 Pages |
Abstract
Empirical studies on foreign direct investment (FDI) and growth in developed countries have yielded conflicting results using cross-country regressions. We use sectoral data for a group of six country members of the OECD. Our paper is the first to identify the sector-specific impact of FDI on growth in the developed countries. Our results show that FDI has positive, or no statistically discernible, effect on economic growth directly and through its interaction with labor. Moreover, we find the effects seem to be very different across countries and economic sectors.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Tam Bang Vu, Ilan Noy,