In this paper, we attempt to establish whether FDI has directly induced long-run effects on output in a selection of APEC countries or whether such an influence, if any, has been transmitted indirectly through spillover effects.

We employ the total factor productivity (TFP) index in growth accounting as a proxy for productivity growth to compare patterns and sources of output growth for a group of proximate countries in Asia-Pacific Economic Cooperation region.

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...

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,...

This paper investigates whether there are differential effects of monetary policy across bank size and business size in Japan, to test the presence of the "bank lending channel" of monetary policy.