Does foreign direct investment always enhance economic growth?

Kyklos

Volumn 56, Issue 4, 2003, Pages 491-508

  Mencinger, Jože ^a  

^a UNIVERSITY OF LJUBLJANA   (Slovenia)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC GROWTH; FOREIGN DIRECT INVESTMENT; MULTINATIONAL ENTERPRISE; SPILLOVER EFFECT; TRANSITIONAL ECONOMY;

EID: 0344688259     PISSN: 00235962     EISSN: None     Source Type: Journal    
DOI: 10.1046/j.0023-5962.2003.00235.x     Document Type: Article

References (30)

1. Altzinger, W. (2003). Returns on Equity of Austrian Affiliates in Central and Eastern Europe, unpublished paper prepared for the conference: EU Enlargement and Social Cohesion, Budapest, 7-9 March, 2003.
2. Balasubramanyam, V. N., M. Salisu and D. Sapsford (1996). Foreign Direct Investment and Growth in EP and IS Countries. Economic Journal. 106: 92-105.
3. Barrel, R. and D. Holland (2000). Foreign Direct Investment and Enterprise Restructuring in Central Europe. Economics of Transition. 8: 477-504.
4. Bevan, A. and S. Estrin (2000). The Determinants of Foreign Direct Investment in Transition Economies, William Davidson Institute, Working Paper No. 342.
5. Bhagwati, J. (1978). Anatomy and Consequences of Exchange Control Regimes, Special Conference Series on Foreign Trade Regimes and Economic Development, Vol. XI, Cambridge.
6. Blomström, M., R. A. Lipsey and M. Zejan (1994). Host Country Competition and Technology Transfer by Multinationals, Weltwirtschaftliches Archiv. 130: 521-533.
7. Blomström, M. and A. Kokko (2003). The Economics of Foreign Direct Investment Incentives, Stockholm School of Economics, Working paper No. 168.
8. Bole, V. (1997). Stabilization in Slovenia: From High Inflation to Excessive Inflow of Foreign Capital, in: M. I. Blejer and M. Škreb (eds.), Macroeconomic Stabilization in Transition Economies. Cambridge: Cambridge University Press, 234-255.
9. Borensztein, E., J. De Gregorio and J.-W. Lee (1995). How does Foreign Direct Investment Affect Economic Growth?, NBER Working Paper No. 5057.
10. Campos N. F. and Y. Kinoshita (2002). Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies, William Davidson Working Paper No. 438.
11. Damijan, J., B. Majcen, M. Knell and M. Rojec (2001). The Role of FDI, Absorptive Capacity and Trade in Transferring Technology to Transition Countries: Evidence from Firm Panel Data for eight Transition Countries, Geneva: mimeo, UNECE.
12. Easterly, W. (2001). The Lost Decades: Developing Countries' Stagnation in Spite of Policy Reform 1980-1998, Journal of Economic Growth. 6: 135-157.
13. Edison, H. J., M. Klein, L. Ricci and T. Slok (2002). Capital Account Liberalization and Economic Performance: Survey and Synthesis, IMF Working Paper, 120/2002.
14. Görg H. and D. Greenaway (2002). Much Ado about Nothing? Do Domestic Firms Really Benefit from Foreign Investment? CEPR Discussion Paper Series No. 3485, August 2002.
15. Grilli, V. and G. M. Milesi-Ferretti (1995). Economic Effects and Structural Determinants of Capital Controls, IMF Staff Papers 42: 517-551.
16. Haskel, J. H., S. C. Pereira and M. J. Slaughter (2002). Does Inward Foreign Direct Investment Boost the Productivity of Domestic Firms? NBER Working Paper No. 8724, January 2002.
17. Holtz-Eakin, D., W. Newey and H. Rosen (1985). Implementing Causality Tests with Panel Data, with an Example from Local Public Finance, NBER Technical Paper Series, No. 48, June 1985.
18. Konings, J. (2001). The Effects of Foreign Direct Investment on Domestic Firms: Evidence from Firm Level Panel Data in Emerging Economies, Economics of Transition. 9: 619-633.
19. Kraay, A. (1998). In Search of the Macroeconomic Effects of Capital Account Liberalization, unpublished, The World Bank, discussed in: Edison et al. (2002). Capital Account Liberalization and Economic Performance: Survey and Synthesis, IMF Working Paper, 120/2002.
20. Krkoska, L. (2001). Foreign Direct Investment Financing of Capital Formation in Central and Eastern Europe, EBRD Working Paper No 67.
21. Lipsey, R. (2002). Home and Host Effects of FDI, NBER Working Paper Series: 9293.
22. Lipschitz, L., T. Lane and A. Mourmouras (2002). Capital Flows to Transition Economies: Master or Servant?, IMF Working Paper.
23. Mankiw, G., D. Romer and D. Weil (1992). A Contribution to the Empirics of Economic Growth, Quarterly Journal of Economics. 107: 407-437.
24. Mencinger, J. (2001). Macroeconomic Policies and Achievements in Transition Economies, 1989-1999, in: UNECE, Economic Survey of Europe, Chapter 3: 89-94.
25. OECD Directorate for Financial, Fiscal and Enterprise Affairs (2003). Policies Toward Attracting Foreign Direct Investment. OECD Document.
26. Rodrik, D. (1998). Who Needs Capital-Account Convertibility, in: Kenen, P. (ed). Should the IMF Pursue Capital Account Convertibility? Essays in International Finance 207, Princeton University Press.
27. Romer, P. M. (1993). Idea Gaps and Object Gaps in Economic Development, Journal of Monetary Economics. 32: 543-573.
28. Saggi, K. (2002). On Technology Transfer from Trade and Foreign Direct Investment, The World Bank Research Observer. Vol. 17: 191-236.
29. Sinn, H.-W., and A. J. Weichenrieder (1997). Foreign Direct Investment, Political Resentment and the Privatization Process in Eastern Europe, Economic Policy: 177-210.
30. Štiblar, F. (2001). Vpliv lastništva na uspešnost corporate governance bank v Sloveniji: empirična analiza vpliva koncentracije in provenience lastnikov na finančne izkaze bank, (The Effects of Ownership on the Success of Corporate Governance of Banks in Slovenia; An Empirical Analysis of the Effects of Concentration and Ownership Structure on Financial Results of the Banks) Gospodarska gibanja. 331: 25-54.