This paper studies the direct effect of foreign investment on target firm operating performance and growth. Foreign-invested firms grow in size but not in productivity compared with non-invested firms over a four-year horizon. Decomposing foreign investment into foreign direct investment and...

Purpose: Our study aims to investigate the technological spillover effects of Foreign Direct Investment flows to Eastern European Countries. This study has guided by new growth theories arguing that Foreign Direct Investment has a significant potential for improving the productivity growth rate...

Purpose: Our study aims to investigate the technological spillover effects of Foreign Direct Investment flows to Eastern European Countries. This study has guided by new growth theories arguing that Foreign Direct Investment has a significant potential for improving the productivity growth rate...

This paper studies whether tax policies in developed nations affect developing economies through cross-border investments by multinational firms. We study firm investment responses to a major U.K. tax reform that drastically reduced the income tax burden for U.K.-based firms. Our identification...

We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...

We assess drivers of FDI in a panel of BRICS and MINT countries for the period 2001-2011. We bundle and unbundle governance determinants using a battery of contemporary and non-contemporary estimation techniques. The following findings are established. First, for both contemporary and...

Much of the burgeoning research interest around Chinese economic engagement with African countries seems to conflate almost all Chinese financial flows as “FDI”. This would not be an issue if all Chinese financial flows, such as trade, aid, exports credits, and FDI, were identical in terms...

This paper develops two Sraffian supermultiplier models of two different kinds of economies that are dependent upon foreign direct investment (FDI): the 'export platform FDI-led' growth model and the 'tax haven FDI-led' growth model. The former is driven by the growth of the exports of...

Capital stock is possessing pivotal importance in stimulating the economic growth and development of any country. Inward FDI is considered as one of the important catalysts of economic development particularly for the resource and capital poor countries. In this article we have examined the...

This paper develops two Sraffian supermultiplier models of two different kinds of economies that are dependent upon foreign direct investment (FDI): the "export platform FDI-led" growth model and the "tax haven FDI-led" growth model. The former is driven by the growth of the exports of...