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Using a novel panel dataset of Egyptian governorates for the period 1992-2007, we investigate the effects of aggregate and sectoral foreign direct investment (FDI) on Egypt's economic growth. We distinguish between FDI in the manufacturing, agriculture and service sector. The similarity of...
Persistent link: https://www.econbiz.de/10012391376
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010500261
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
Using a panel data set covering the period 1970-2004 and 96 countries, we provide empirical evidence that the composition of foreign capital, measured by the ratio FDI over total liabilities, has a positive effect on growth, directly and through convergence. Developing countries benefit...
Persistent link: https://www.econbiz.de/10012712662
The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the specific channels through which high debt affects...
Persistent link: https://www.econbiz.de/10012778208
This paper investigates the impact of foreign direct investment (FDI) on economic growth in a sample of 10 ex-socialist European and Asian countries. While the link between FDI and economic growth has been extensively investigated in empirical literature, this paper contributes to this...
Persistent link: https://www.econbiz.de/10014520608
This article concerns the determinants of foreign direct investment (FDI) outflow from India to Poland with some … companies. The main goal of this article is to explain what really triggers Indian investors to go to Poland and what kind of … impacts of that on the India FDI outflow to Poland and other EU countries. He used empirical method of the analysis based on …
Persistent link: https://www.econbiz.de/10012302770
The author tests how the local economic structure - measured by a region's sector specialization, competition, and diversity - affects the technological growth of manufacturing sectors. Most of the empirical literature on this topic assumes that in the long run more productive regions will...
Persistent link: https://www.econbiz.de/10014061967
This paper investigates the main determinants of economic growth in the European Union from a regional perspective. The analysis is based on a recently available dataset from the European Cluster Observatory covering 253 European regions over the period 2002-2008. In addition to the traditional...
Persistent link: https://www.econbiz.de/10011483641
In this paper, we examine the role of spillovers in economic growth for the Middle East and North Africa (MENA) region by accounting for spatial effects. Such spatial effects in growth for the MENA countries may arise on the basis of geography, bilateral trade or institutional similarities. We...
Persistent link: https://www.econbiz.de/10012038256