Out of Caveats: the Impact of Foreign Direct Investment on Growth in Transition Economies

Content Provider	Semantic Scholar
Author	Campos, Nauro F. Kinoshita, Yuko
Copyright Year	2001
Abstract	Although the theoretical literature has identified a large number of sizeable benefits from foreign direct investment (FDI), the empirical literature has failed to establish a significant unconditional positive impact of FDI inflows on economic growth. One reason for this inconsistency is that theory tends to equate FDI to technology transferred, while in most countries and regions of the world FDI encompasses an array of arrangements that goes well beyond pure technology transfer. This paper tests for these effects in a set of countries in which FDI is purer technology transfer: the 25 Central and Eastern European and former Soviet Union "transition" countries between 1990 and 1998. Our main finding is that, in this appropriate setting, FDI has an impact on economic growth that is positive, statistically significant, direct, unconditional, and robust.
File Format	PDF HTM / HTML
Alternate Webpage(s)	http://www.nottingham.ac.uk/shared/shared_levevents/conferences/2001_june_campos.pdf
Alternate Webpage(s)	https://www.nottingham.ac.uk/gep/documents/conferences/2001/june2001conf/campos-2001.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article