The openness-growth connection is still an open question in the empirical literature. Although some studies have found that openness has a positive impact on economic performance, others have seriously questioned the significance of this result. The main point that we try to emphasise in this...

This paper uses the Granger non-causality test procedure developed by Toda and Yamamoto (1995) and Dolado and Lütkepohl (1996) to analyse the saving-growth nexus in Mexico. Contrary to the reverse causation between national saving and domestic income found in recent empirical studies, evidence...

We analyze the roles of inward foreign direct investment (FDI) and imports of capital goods as the main drivers of technology diffusion and productivity improvement in a sample of twenty-eight developing economies for the period 1999-2009. We examine changes in the sectoral composition of FDI as...

The authors attempt to highlight the effects of the recent surge of FDI in the enlargement states on domestic investment and growth. A similar analysis is carried out for the EU-15 in order to ascertain whether this type of capital inflow has a differential impact in these two regions of the...

We analyze the Granger causal relationship between openness and economic growth in Mexico. The results obtained indicate the absence of a causal relationship among different categories of exports and growth, for the period 1983-1997. Nevertheless, it has been identified a significant positive...

In this paper, we investigate the links between inward foreign direct investment and imports in Spain. We show that FDI in this country has been trade-oriented, encouraging greater imports. Foreign production thus magnifies its potential gains with the conventional benefits of trade. A...

In this paper, we investigate the linkages between inward foreign direct investment and imports in Spain. We show that FDI in this country has be reater imports. A cointegration analysis in a multivariate VAR model is applied for Granger temporal causality testing. The strength and direction of...

Historically, outward foreign direct investment has been contemplated as an alternative way of firms' internationalization. In this line, a relational substitution between exports and foreign direct investment would be expected. However, this seems to contrast with recent developments in the...