Mayer-Foulkes, David; Nunnenkamp, Peter - In: Review of Development Economics 13 (2009) 2, pp. 304-318
hypothesis, we perform convergence regressions derived from a theoretical model on the impact of FDI on endogenous technological … convergence rate of per-capita income to US levels, controlling for human development, financial development, and trade. We find … that FDI accelerates convergence for high-income countries only, otherwise slowing it down. Copyright © 2009 The Authors …