FDI, Productivity and Financial Development
نویسندگان
چکیده
منابع مشابه
FDI, Productivity and Financial Development
This paper examines the effect of foreign direct investment (FDI) on growth by focusing on the complementarities between FDI inflows and financial markets. In our earlier work, we found that FDI is beneficial for growth only if the host country has well-developed financial institutions. In this paper, we investigate whether this effect operates through factor accumulation and/or improvements in...
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We highlight the difference between the service sector and the manufacturing sector in regard to the determinants for a firm to start FDI and the productivity growth it achieves. This paper analyzes two questions: (1) whether a certain level of productivity explains a Japanese firm’s choice to be a multinational firm (by starting FDI), and (2) how the productivity of such a multinational firm c...
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The literature on Foreign Direct Investment (FDI) has advanced several explanations of the links between financial market developments and FDI inflows across developing as well as developed countries. Empirical literature show that financial market development reduces informational frictions and improves resource allocation more efficiently. Also, financial systems are important for both produc...
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Politicians fashionably argue in favour of financial development to promote economic growth following the seminal study of King and Levine (1993a and 1993b). Financial development, however, could come through alternative channels that are sometimes not compatible in small, open economics. A relatively popular channel promotes privatization of domestic financial intermediaries but with restricti...
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ژورنال
عنوان ژورنال: World Economy
سال: 2009
ISSN: 0378-5920,1467-9701
DOI: 10.1111/j.1467-9701.2009.01159.x