Abstract

http://ssrn.com/abstract=314924
 
 

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Does Foreign Direct Investment Accelerate Economic Growth?


Maria V. Carkovic


Institute for Business Innovation; University of Minnesota - Twin Cities - Department of Business Finance

Ross Levine


UC Berkeley; Milken Institute; National Bureau of Economic Research (NBER)

June 2002

U of Minnesota Department of Finance Working Paper

Abstract:     
This paper uses new statistical techniques and two new databases to reassess the relationship between economic growth and FDI. After resolving biases plaguing past work, we find that the exogenous component of FDI does not exert a robust, independent influence on growth.

Number of Pages in PDF File: 23

Keywords: Foreign Direct Investment, Economic Growth, International Finance

JEL Classification: F3, O4, O16

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Date posted: June 23, 2002  

Suggested Citation

Carkovic, Maria V. and Levine, Ross, Does Foreign Direct Investment Accelerate Economic Growth? (June 2002). U of Minnesota Department of Finance Working Paper. Available at SSRN: http://ssrn.com/abstract=314924 or http://dx.doi.org/10.2139/ssrn.314924

Contact Information

Maria V. Carkovic
Institute for Business Innovation ( email )
545 Student Services Building, #1900
2220 Piedmont Avenue
CA
University of Minnesota - Twin Cities - Department of Business Finance ( email )
Carlson School of Management
321 19th Avenue South
Minneapolis, MN 55455
United States
612-625-5050 (Phone)
Ross Levine (Contact Author)
UC Berkeley ( email )
545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States
Milken Institute ( email )
1250 Fourth Street
Santa Monica, CA 90401
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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