How does foreign direct investment affect economic growth?

Journal of International Economics

Volumn 45, Issue 1, 1998, Pages 115-135

  Borensztein, E ^a   De Gregorio, J ^b   Lee, J W ^c  

^a INTERNATIONAL MONETARY FUND   (United States)

^b UNIVERSITY OF CHILE   (Chile)

^c Korea University   (South Korea)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC GROWTH; FOREIGN DIRECT INVESTMENT; INVESTMENT FLOWS; TECHNOLOGY TRANSFER; THEORY;

EID: 0031753940     PISSN: 00221996     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0022-1996(97)00033-0     Document Type: Article

References (26)

1. Aitken, B., Harrison, A., 1993, Do Domestically-Owned Firms Benefit from Foreign Direct Investment: Evidence from Panel Data, Unpublished manuscript, International Monetary Fund.
2. Barro R., Lee J-W. International comparisons of educational attainment. Journal of Monetary Economics. 32:1993;361-394.
3. Barro R., Lee J-W. Sources of economic growth. Carnegie Rochester Conference Series on Public Policy. 40:1994;1-46.
4. Barro, R., Sala-i-Martin, X., 1995. Economic Growth, McGraw-Hill, Cambridge, MA.
5. Benhabib J., Spiegel M. The roles of human capital in economic development: evidence from aggregate cross-country data. Journal of Monetary Economics. 34:1994;143-173.
6. Blomstrom, M., Lipsey, R., Zejan, M., 1992. What Explains Developing Country Growth. NBER Working Paper No. 4132.
7. Cohen, D., 1993. Foreign Finance and Economic Growth - An Empirical Analysis. Unpublished manuscript, CEPREMAP.
8. De Gregorio J. Economic growth in Latin America. Journal of Development Economics. 39:1992;58-84.
9. Easterly W. How much do distortions affect growth. Journal of Monetary Economics. 32:1993;187-212.
10. Easterly, W., King, R., Levine R., Rebelo, S., 1994. Policy, Technology Adoption and Growth. NBER Working Paper No. 4681.
11. Edwards, S., 1990. Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries. NBER Working Paper No. 3497.
12. Ethier W.J. National and international returns to scale in the modern theory of international trade. American Economic Review. 72:1982;389-405.
13. Findlay R. Relative backwardness, direct foreign investment, and the transfer of technology: a simple dynamic model. Quarterly Journal of Economics. 92:1978;1-16.
14. Grossman, G., Helpman, E., 1991. Innovation and Growth in the Global Economy, MIT Press Cambridge, MA.
15. Gastil, R.D., 1987. Freedom in the World, Greenwood Press, Westport, CT.
16. Graham, E., Krugman, P., 1991. Foreign Direct Investment in the United States, Institute for International Economics, Washington DC.
17. Jovanovic B., Rob R. Growth and diffusion of technology. Review of Economic Studies. 56:1989;569-582.
18. King R., Levine R. Finance and growth: Schumpeter might be right. Quarterly Journal of Economics. 108:1993;717-738.
19. Knack S., Keefer P. Institutions and economic performance: cross-country tests using alternative institutional measures. Economics and Politics. 7:1995;207-227.
20. Levine R., Renelt D. A sensitivity analysis of cross-country growth regressions. American Economic Review. 82:1992;942-963.
21. Nelson R., Phelps E. Investment in humans, technological diffusion, and economic growth. American Economic Review: Papers and Proceedings. 61:1966;69-75.
22. Romer P. Endogenous technological change. Journal of Political Economy. 98:1990;S71-S102.
23. Romer P. Idea gaps and object gaps in economic development. Journal of Monetary Economics. 32:1993;543-573.
24. Segerstrom P.S. Innovation, imitation, and economic growth. Journal of Political Economy. 99:1991;807-827.
25. United Nations, 1992. World Investment Report 1992 Transnational Corporations as Engines of Growth, Department of Economic and Social Development, United Nations, New York.
26. Wang J-Y. Growth, technology transfer, and the long-run theory of international capital movements. Journal of International Economics. 29:1990;255-271.