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Does Foreign Direct Investment Accelerate Economic Growth?Maria V. CarkovicInstitute for Business Innovation; University of Minnesota - Twin Cities - Department of Business Finance Ross LevineUC 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 working papers seriesDate posted: June 23, 2002Suggested CitationContact Information
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