Herzer, Dierk; Klasen, Stephan; Nowak-Lehmann D., Felicitas - In: Economic Modelling 25 (2008) 5, pp. 793-810
This paper challenges the widespread belief that FDI generally has a positive impact on economic growth in developing countries. It addresses the limitations of the existing literature and re-examines the FDI-led growth hypothesis for 28 developing countries using cointegration techniques on a...