It is generally acknowledged that domestic investment boosts economic growth, yet the impact of foreign direct investment (FDI) is not as clear, with some studies suggesting the need for a miniumum threshold level of development in order for FDI to be beneficial. In this paper we conduct an...

Concentrates on identifying the mechanisms by which foreign investment affects productivity in recipient countries. Conducts a firm‐level study of manufacturing plants in Mexico and test for performance differences embodied in factor productivity between domestic and foreign (majority and...

Concentrates on identifying the mechanisms by which foreign investment affects productivity in recipient countries. Conducts a firm-level study of manufacturing plants in Mexico and test for performance differences embodied in factor productivity between domestic and foreign (majority and...

It is generally acknowledged that domestic investment boosts economic growth, yet the impact of foreign direct investment (FDI) is not as clear, with some studies suggesting the need for a miniumum threshold level of development in order for FDI to be beneficial. In this paper we conduct an...

This paper investigates the 'long-run' effects of multinational firms on unemployment and welfare of the host country. Our findings indicate that a trade off between unemployment reduction and national welfare exists for the host country which is contrary to the view that foreign investment via...

This book examines why the differences in comparative economic development across the world have a geographical pattern. It argues that there is a missing component in the geography versus institutions debate, namely the role of culture and its impact either directly on development or indirectly...