This paper examines the long-run relationship between outward foreign direct investment (FDI) and total factor …: (i) outward FDI has, on average, a positive long-run effect on total factor productivity in developing countries, (ii …) increased factor productivity is both consequence and a cause of increased outward FDI, and (iii) there are large differences in …

many countries. This study presents evidence suggesting that attracting inflows of FDI offers potential for upgrading a … sectors treated by investment promotion agencies as priority in their efforts to attract FDI. The sample covers 116 countries … over the period 1984-2000. The findings are consistent with a positive effect of FDI on unit values of exports in …

-facto exchange rate regime for FDI flows. We find a strong and significant effect from fixed rates on bilateral FDI flows in … exchange rates on FDI. We provide several possible explanations for this difference. -- Foreign Direct Investment …

-facto exchange rate regime for FDI flows. We find a strong and significant effect from fixed rates on bilateral FDI flows in … exchange rates on FDI. We provide several possible explanations for this difference. -- Foreign Direct Investment …

types of FDI: unlike greenfield investment, M&As partly represent a rent accruing to previous owners, and do not necessarily … contribute to expanding the host country's capital stock. The model suggests that greenfield FDI has a stronger impact on growth … than M&A sales. This hypothesis is supported by our empirical results, which show that greenfield FDI enhances growth …

We examine and compare the effects of greenfield FDI and cross-border mergers and acquisitions (M&As) on total factor … productivity (TFP) in developed and developing host countries of FDI. Using panel data for up to 123 countries over the period from … 2003 to 2011, we find that greenfield FDI has no statistically significant effect on TFP while M&As have a positive effect …

-oriented foreign direct investment (FDI). The effects of these policies on the external accounts have been largely ignored. This paper … endogenizes FDI inflows in a structuralist general equilibrium framework to contribute towards filling this gap. Our economy …. The analysis finds that, contrary to widely-shared perceptions, the short-run effects of FDI-friendly policies on the …