Foreign direct investment, productivity, and country growth: An overview

Federal Reserve Bank of St. Louis Review

Volumn 91, Issue 1, 2009, Pages 61-78

  Contessi, Silvio ^a   Weinberger, Ariel ^a  

^a FEDERAL RESERVE BANK OF ST LOUIS   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 65349169709     PISSN: 00149187     EISSN: None     Source Type: Journal    
DOI: 10.20955/r.91.61-78     Document Type: Article

References (37)

1. Aitken, Brian and Harrison, Ann. "Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela." American Economic Review, June 1999, 89(3), pp. 605-18.
2. Alfaro, Laura; Chanda, Areendam; Kalemli-Ozcan, Sebnem and Sayek, Selin. "FDI and Economic Growth: The Role of Local Financial Markets." Journal of International Economics, October 2004, 64, pp. 89-112.
3. Balasubramanyam, V.N.; Salisu, M. and Sapford, David. "Foreign Direct Investment and Growth in EP and IS Countries." Economic Journal, January 1996, 106(434), pp. 92-105.
4. Barba Navaretti, Giorgio and Venables, Anthony. Multinational Firms in the World Economy. Princeton, NJ: Princeton University Press, 2004.
5. Bhagwati, J.N. "Protectionism," in The Ohlin Lectures. Cambridge, MA: MIT Press, 1988.
6. Blomström, Magnus; Lipsey, Robert E. and Zejan, Mario. "What Explains Developing Country Growth?" NBER Working Paper No. 4132, National Bureau of Economic Research, 1994.
7. Blonigen, Bruce A. and Wang, Miao. "Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies," in Theodore H. Moran, Edward D. Graham, and Magnus Blomström, eds., Does Foreign Direct Investment Promote Development? Washington, DC: Institute for International Economics, 2005, pp. 221-44.
8. Bloom, Nicholas; Sadun, Raffaella and Van Reenen, John. "Americans Do I.T. Better: US Multinationals and the Productivity Miracle." NBER Working Paper No. 13085, National Bureau of Economic Research, 2007.
9. Borensztein, Eduardo; De Gregorio, Jose and Lee, Jong-Wha. "How Does Foreign Direct Investment Affect Economic Growth?" Journal of International Economics, June 1998, 45(1), pp. 115-35.
10. Boyd, John H. and Smith, Bruce D. "Intermediation and the Equilibrium Allocation of Investment Capital: Implications for Economic Development." Journal of Monetary Economics, December 1992, 30(3), pp. 409-32.
11. Carkovic, Maria and Levine, Ross. "Does Foreign Direct Investment Accelerate Economic Growth?" in Theodore H. Moran, Edward D. Graham, and Magnus Blomström, eds., Does Foreign Direct Investment Promote Development? Washington, DC: Institute for International Economics, 2005, pp. 195-220.
12. Contessi, Silvio. "FDI, Productivity, and Growth: Can We Reconcile Microeconomic and Aggregate Evidence?" Unpublished manuscript, 2009a.
13. Contessi, Silvio. "What Happens When WalMart Comes to Your Country? Multinational Firms' Entry, Productivity, and Inefficiency." Unpublished manuscript, 2009b.
14. Contessi, Silvio; De Pace, Pierangelo and Francis, Johanna. "The Cyclical Properties of Disaggregated Capital Flows." Working Paper No. 2008-041, Federal Reserve Bank of St. Louis, November 2008; http://research.stlouisfed.org/wp2008/2008-041.pdf.
15. Corrado, Carol; Lengermann, Paul and Slifman, Larry. "The Contribution of MNCs to US Productivity Growth 1977-2000," in M. Reinsdorf and M. Slaughter, eds., International Flows of Invisibles: Trade in Services and Intangibles in the Era of Globalization. Chicago: University of Chicago Press and NBER, forthcoming.
16. Coughlin, Cletus. "Foreign-Owned Companies in the United States: Malign or Benign?" Federal Reserve Bank of St. Louis Review, May/June 1992, 74(3), pp. 17-31. (Reprinted in Robert W. Kolb, ed., International Finance Reader. Boulder, CO: Kolb Publishing, 1993.)
17. Criscuolo, Chiara. "Foreign Affiliates in OECD Economies: Presence, Performance, and Contribution to Host Countries." OECD Economic Studies, 2005, 41(2), pp. 109-39.
18. Figlio, David and Blonigen, Bruce. "The Effects of Direct Foreign Investment on Local Communities." Journal of Urban Economics, September 2000, 48(2), pp. 338-63.
19. Fillat Castejón, Carmen and Wörz, Julia. "Good or Bad? The Influence of FDI on Output Growth: An Industry-level Analysis." WIIW Working Paper No. 38, Vienna Institute for International Economic Studies, 2006.
20. Findlay, Ronald. "Relative Backwardness, Direct Foreign Investment, and the Transfer of Technology: A Simple Dynamic Model." Quarterly Journal of Economics, February 1978, 92(1), pp. 1-16.
21. Ford, Timothy; Rork, Jonathan and Elmslie, Bruce. "Foreign Direct Investment, Economic Growth, and the Human Capital Threshold: Evidence from US States." Review of International Economics, February 2008, 16(1), pp. 96-113.
22. Ghironi, Fabio and Melitz, Marc. "International Trade and Macroeconomic Dynamics with Heterogeneous Firms." Quarterly Journal of Economics, August 2005, 120, pp. 865-915.
23. Hale, Galina and Long, Cheryl. "Are There Productivity Spillovers from Foreign Direct Investment in China?" Pacific Economic Review, forthcoming.
24. Heckman, James J. "Sample Selection Bias as a Specification Error." Econometrica, January 1979, 47(1), pp. 153-61.
25. Helpman, Elhanan; Melitz, Marc J. and Yeaple, Stephen R. "Export Versus FDI with Heterogeneous Firms." American Economic Review, March 2004, 94(1), pp. 300-16.
26. Ihrig, Jane and Marquez, Jaime. "Modeling Direct Investment Valuation Adjustments and Estimating Quarterly." International Finance Working Paper No. 857, Board of Governors of the Federal Reserve System, 2006.
27. International Monetary Fund. "Direct Investment Methodology: Latest SIMSDI Metadata: Individual Country." 2003; www.imf.org/external/np/sta/di/country.asp.
28. Javorcik, Beata S. "Can Survey Evidence Shed Light on Spillovers from Foreign Direct Investment?" World Bank Research Observer, 2008, 23(2), pp. 139-59.
29. Lane, Philip and Milesi Ferretti, Gian-Maria. "The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities." Journal of International Economics, November 2007, 73(2), pp. 223-50.
30. Marin, Dalia and Schnitzer, Monika. "When Is FDI a Capital Flow?" CEPR Discussion Paper No. 5755, Centre for Economic Policy Research, July 2006.
31. Melitz, Marc J. "Comment," in Theodore H. Moran, Edward D. Graham, and Magnus Blomström, eds., Does Foreign Direct Investment Promote Development? Washington, DC: Institute for International Economics, 2005.
32. OECD. OECD Benchmark Definition of Foreign Direct Investment. Fourth Edition. Paris: OECD, 2008.
33. Petrin, Amil and Levinsohn, James. "Measuring Aggregate Productivity Growth Using Plant-Level Data." NBER Working Paper No. 11887, National Bureau of Economic Research, 2005.
34. Rivera-Batiz, Francisco and Rivera-Batiz, Luis. "The Effects of Direct Foreign Investment in the Presence of Increasing Returns Due to Specialization." Journal of Development Economics, November 1991, 34(1-2), pp. 287-307.
35. Rodrik, Dani. The New Global Economy and Developing Countries: Making Openness Work (Policy Essay 24). Baltimore, MD: Johns Hopkins University Press, 1999.
36. Rodrik, Dani. "Why We Learn Nothing from Regressing Economic Growth on Policies." Unpublished manuscript, Harvard University, March 2005.
37. Yeaple, Stephen. "Firm Heterogeneity and the Structure of U.S. Multinational Activity: An Empirical Analysis." NBER Working Paper No. 14072, National Bureau of Economic Research, 2008.