Does Foreign Direct Investment Accelerate Economic Growth?

U of Minnesota Department of Finance Working Paper

23 Pages Posted: 23 Jun 2002

See all articles by Maria V. Carkovic

Maria V. Carkovic

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

Ross Levine

University of California, Berkeley - Haas School of Business; National Bureau of Economic Research (NBER)

Date Written: June 2002

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.

Keywords: Foreign Direct Investment, Economic Growth, International Finance

JEL Classification: F3, O4, O16

Suggested Citation

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

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 Eric Levine (Contact Author)

University of California, Berkeley - Haas School of Business ( email )

545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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