Mayer-Foulkes, David - 2005
It is a widely held belief that foreign direct investment (FDI) has a positive effect on economic growth. We test this … growth in per-capita income, relative to the per-capita income of the United States, in terms of US FDI, human development … correlated errors by clustering by countries. The heterogeneity of FDI is taken into account by considering various FDI …