This paper investigates the effects of inward FDI on per-capita income and growth of the US states since the mid-1970s. Using a Markov chain approach, it shows that both quantitative and qualitative characteristics of FDI affect per-capita income and growth. Employment-intensive FDI,...

This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian externalities and other intra- and inter-regional spillovers...

Night lights could be a valuable proxy of economic activity at the subnational level when GDP data are lacking or of poor quality. Supplementing Henderson et al.’s (2012) analysis at the national level, we assess the stability of the elasticity of GDP with regard to night lights across regions...