This paper examines shares of fixed capital formation in GOP and rates of economic growth for more than 100 countries over successive 5-year periods between 1965 and 1985 to determine the direction of causality between them. Simple regressions and multiple regressions including several standard...

Few studies of long-term growth have incorporated foreign direct investment into their sets of explanatory variables, but those that have done so have generally found that rapid growth and high ratios of foreign direct investment inflows to GDP have gone together. However, the close association...