Inward FDI and growth: The role of macroeconomic and institutional environment
Metadatos
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http://dx.doi.org/10.1016/j.jpolmod.2010.12.004 |
Metadatos
Título
Inward FDI and growth: The role of macroeconomic and institutional environmentFecha de publicación
2011Editor
ElsevierISSN
0161-8938Cita bibliográfica
Journal of Policy Modeling (May-Jun. 2011) vol. 33, no. 3, p. 481-496Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://www.sciencedirect.com/science/article/pii/S0161893810001183Palabras clave / Materias
Resumen
This paper contributes to the discussion on the role played by the absorptive capacities within host economies in their ability to grow and to exploit FDI efficiently. The outcomes for a sample of developing economies ... [+]
This paper contributes to the discussion on the role played by the absorptive capacities within host economies in their ability to grow and to exploit FDI efficiently. The outcomes for a sample of developing economies during the period 1976–2005 show differences associated to both the method of estimation (the system GMM vs OLS method) as well as the level of economic development. They also reveal the importance of controlling for those local capacities related to the macroeconomic and institutional environment. Thus, host country governments should develop a set of policies that are not only focused on inward FDI promotion but also on the improvement of their political and economic framework. [-]
Derechos de acceso
© 2011 Elsevier Inc. All rights reserved
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