Foreign Direct Investment, Economic Performance and Trade Liberalisation

14 Pages Posted: 9 Feb 2007

See all articles by David Greenaway

David Greenaway

University of Nottingham - School of Economics

David Sapsford

University of Liverpool Management School (ULMS) - Economics Division

Stephan Pfaffenzeller

University of Liverpool - Management School (ULMS)

Abstract

In a number of influential papers published by V. N. Balasubramanyam and collaborators during the decade of the 1990s, compelling arguments and supporting evidence was presented to indicate that export-promoting trade and investment strategies attract more and more productive inflows of foreign capital than do import-substituting strategies. This paper revisits these hypotheses in the context of more recent cross-section data and reports evidence to suggest that the earlier findings are robust.

Suggested Citation

Greenaway, David and Sapsford, David and Pfaffenzeller, Stephan, Foreign Direct Investment, Economic Performance and Trade Liberalisation. The World Economy, Vol. 30, No. 2, pp. 197-210, February 2007, Available at SSRN: https://ssrn.com/abstract=962224 or http://dx.doi.org/10.1111/j.1467-9701.2007.00887.x

David Greenaway (Contact Author)

University of Nottingham - School of Economics ( email )

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David Sapsford

University of Liverpool Management School (ULMS) - Economics Division ( email )

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Stephan Pfaffenzeller

University of Liverpool - Management School (ULMS) ( email )

Chatham Street
Liverpool, L69 7ZH
United Kingdom

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