Does Foreign Direct Investment Accelerate Economic Growth?
Maria V. Carkovic
Institute for Business Innovation; University of Minnesota - Twin Cities - Department of Business Finance
UC Berkeley; National Bureau of Economic Research (NBER)
U of Minnesota Department of Finance Working Paper
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
Date posted: June 23, 2002