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...

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...

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...

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...

Fearing opportunistic takeovers during the economic upheaval caused by the Covid-19 pandemic, India put forth FDI restrictions resulting in the suspension of automatic route FDI from its border-sharing neighbours. Applying difference-in-difference methodology to bilateral greenfield project...

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 the location choice of foreign multinational firms in the Baltic economies of Estonia, Latvia, and Lithuania using a knowledge-and-physical capital model across 2004-2017. We used the Bayesian model averaging estimation method to investigate a set of possible factors that...

The study explores the influence of environmental risk (macroeconomic uncertainty and environmental sustainability risk) on the inflow of foreign direct investment (FDI), utilizing data from 37 economies in sub-Saharan Africa (SSA) from 1996 to 2019. The empirical analyses were carried out using...

We estimate the impact of FDI on growth using sectoral data for FDI inflows to China and Vietnam. Previous empirical studies, using either cross-country growth regressions or firm-level micro-econometric analysis, fail to reach a consensus. Our paper is the first to use sectoral FDI inflow data...

The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals that while much has already been achieved in both these economies, the Chinese reforms, especially with respect to manufacturing trade, have gone further and that this is likely...