The color of money: The effects of foreign direct investment on economic growth in transition economies

Review of World Economics

Volumn 140, Issue 2, 2004, Pages 211-229

  Lee, Minsoo ^a   Tcha, MoonJoong ^b  

^a AMERICAN UNIVERSITY OF SHARJAH   (United Arab Emirates)

^b UNIVERSITY OF WESTERN AUSTRALIA   (Australia)

Author keywords

Foreign direct investment; Total factor productivity; Transition economies

Indexed keywords

EID: 3142718798     PISSN: 16102878     EISSN: None     Source Type: Journal    
DOI: 10.1007/BF02663646     Document Type: Review

References (25)

1. Azariadis, C. (1993). Intertemporal Macroeconomics. Cambridge, Mass.: Blackwell Publishers.
2. Azariadis, C., and A. Drazen (1990). Threshold Externalities in Economic Development. Quarterly Journal of Economics 105 (2): 501-526.
3. Barro, R. J., and X. Sala-i-Martin (1995). Economic Growth. New York: McGraw Hill.
4. Beattie, B., and C. Taylor (1985). The Economics of Production. New York: John Wiley & Sons.
5. Blanchard, O. (1996). Assessment of the Economic Transition in Central and Eastern Europe: Theoretical Aspects of Transition. American Economic Review, Papers and Proceedings 86 (2): 117-122.
6. Borensztein, E., J. De Gregorio, and J. Lee (1998). How Does Foreign Direct Investment Affect Economic Growth? Journal of International Economics 45 (1): 115-135.
7. Brunetti, A., G. Kisunko, and B. Weder (1997). Institutions in Transition: Reliability of Rules and Economic Performance in Former Socialist Countries. World Bank Policy Research Working Paper 1809, World Bank, Washington, D.C.
8. Chan, V. (2000). Foreign Direct Investment and Economic Growth in Taiwan's Manufacturing Industries. In T. Ito and A. Krueger (eds.). The Role of Foreign Direct Investment in East Asian Economic Development. Chicago: University of Chicago Press.
9. Devaney, R. (1989). An Introduction to Chaotic Dynamic Systems. Boston: Addison-Wesley Publishing Company.
10. Diamond, P. (1965). National Debt in a Neoclassical Growth Model. American Economic Review 55 (5): 1026-1050.
11. Easterly, W., and S. Fischer (1995). The Soviet Economic Decline. The World Bank Economic Review 9 (3): 341-371.
12. Edwards, S. (1993). Openness, Trade Liberalization, and Growth in Developing Countries. Journal of Economic Literature 31 (3): 1358-1393.
13. EBRD (European Bank for Reconstruction and Development) (various issues). Transition Report 1995: Investment and Enterprise Development. London: European Bank for Reconstruction and Development.
14. Froot, K. (1994). Foreign Direct Investment in Eastern Europe: Some Economic Considerations. In O. J. Blanchard, K. A. Froot, and J. D. Sachs (eds.), The Transition in Eastern Europe. Vol. 2. Chicago: University of Chicago Press.
15. Greene, W. (2000). Econometric Analysis. New Jersey: Prentice Hall International.
16. Hunya, G., and Stankovsky, J. (various years). WIIW-WIFO Database, Österreichisches Institut für Wirtschaftsforschung and Wiener Institut für Internationale Wirtschaftsvergleiche, Vienna.
17. IMF (International Monetary Fund) (various years). World Economic Outlook. Washington, D.C.: IMF.
18. Kornai, J. (1992). The Socialist System. Oxford: Oxford University Press.
19. Lansbury, M., N. Pain, and K. Smidkova (1996). Foreign Direct Investment in Central Europe Since 1990: An Econometric Study. National Institute Economic Review 156 (2): 104-124.
20. Parks, R. (1967). Efficient Estimation of a System of Regression Equations When Disturbances Are Both Serially Contemporaneously Correlated. Journal of the American Statistical Association 62 (3/8): 500-509.
21. Sachs, J. (1996). The Transition at Mid Decade. American Economic Review, Papers and Proceedings 86 (2): 128-133.
22. Samuelson, P. (1958). An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money. Journal of Political Economy 66 (6): 467-482.
23. Urata, S., and H. Kawai (2000). Intrafirm Technology Transfers by Japanese Manufacturing Firms in Asia. In T. Ito and A. Krueger (eds.), The Role of Foreign Direct Investment in East Asian Economic Development. Chicago: University of Chicago Press.
24. Weitzman, M. (1970). Soviet Postwar Economic Growth and Capital-Labor Substitution. American Economic Review 60 (5): 676-692.
25. World Bank (various years). World Development Indicators. Washington, D.C.: World Bank.