Does Foreign Direct Investment Accelerate Economic Growth?

Carkovic, Maria V.; Levine, Ross

doi:10.2139/ssrn.314924

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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

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

Ross Levine

Stanford University; 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: Suggested Citation

Carkovic, Maria V. and 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: https://ssrn.com/abstract=314924 or http://dx.doi.org/10.2139/ssrn.314924