and FDI categories have grown in importance relative to international debt stocks. This paper describes the broad trends …

This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and … markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we … show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in …

This paper summarizes recent arguments/findings on two aspects of foreign direct investment (FDI): its correlation with … economic growth and its determinants. The first part focuses on recent literature regarding positive spillovers from FDI while … the second deals with the determinants of FDI. The paper finds that while substantial support exists for positive …

This paper examines how capital controls affect FDI decisions and how the impact of these restrictive measures varies … with different levels of country risk. We construct a model of firms' FDI decisions, broadly in Dunning's "eclectic theory … performance of recent empirical studies. We find that increasing levels of capital controls reduce the life-span of FDI …

China's dramatic success in attracting foreign direct investment (FDI) has raised concerns that it has success diverted … FDI from other countries in Asia. We develop a new methodology to estimate crowding out, and we use it to investigate the … impact of China's emergence on FDI flows to Asia using data from 14 Asian economies from 1984 to 2002. The results suggest …

development: (i) that economic takeoff is associated with technological transfer through foreign direct investment (FDI); and (ii …) that takeoff is accompanied, at least in the short term, by widening income inequality. The results indicate that FDI flows … have increased the rate of convergence in per capita incomes across China’s provinces. However, the pattern of FDI, which …