Until three decades ago, FDI was associated with negative perceptions, but recent experiences have brought an awareness that it stimulates the economic growth process through its positive spillover effects. The empirical study invsestigates whether FDI in fact, caused spillover effects which...

Empirical studies based on structural models have demonstrated that FDI stimulates the economic growth process of developing host countries through its positive spillover effects. In this study we empirically investigate the dynamic impact on policy variables on FDI and its spillover effects...

In the prolific literature that followed the East Asian crisis two core ideas seemed to gather considerably support amongst reserachers, namely that previous models of currency crisis are not fully suitable to examine this particular set of events and that the Asian crisis ensued from a...

Growth in the pacific Rim countries has become the focus of much interest for both governments and economists. This paper has been partly prompted by that fact but also but also by the newly-percieved role of the FdI especially when viewed in the light of endogenous growth theory. A small,...