Kinoshita, Yuko; Lu, Chia-Hui - 2012
The paper studies the effects of foreign direct investment (FDI) on economic growth when sufficient provisions of … infrastructure is a pre-requisite. In the overlapping generations structure setting, we show that technology spillovers via FDI take …, however, then FDI has little effect on growth as the country is trapped in a low-growth equilibrium. We also present the …