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dc.contributor.authorNunnenkamp, Peteren
dc.contributor.authorSpatz, Juliusen
dc.date.accessioned2009-01-28T14:31:19Z-
dc.date.available2009-01-28T14:31:19Z-
dc.date.issued2003-
dc.identifier.urihttp://hdl.handle.net/10419/3028-
dc.description.abstractConclusive evidence supporting the widely held view that developing countries should draw on foreign direct investment (FDI) to spur economic development is surprisingly hard to come by. We raise the proposition that results on the growth impact of FDI are ambiguous because highly aggregated FDI data, used in virtually all previous empirical studies, blur the differences between resourceseeking, market-seeking and efficiency-seeking FDI and ignore the compatibility of different types of FDI with economic conditions prevailing in the host country. Analysing US FDI stocks in major sectors and specific manufacturing industries in a large number of developing countries, we show that positive growth effects of FDI are anything but guaranteed. Rather, hostcountry and industry characteristics as well as the interplay between both sets of characteristics have an important say on the growth impact of FDI in developing countries.en
dc.language.isoengen
dc.publisher|aKiel Institute for World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1176en
dc.subject.jelF21en
dc.subject.ddc330en
dc.subject.keywordforeign direct investment stocksen
dc.subject.keywordresource-seekingen
dc.subject.keywordmarket-seeking and efficiency-seeking FDIen
dc.subject.keywordhost-country characteristicsen
dc.subject.stwDirektinvestitionen
dc.subject.stwAmerikanischen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwEntwicklungen
dc.subject.stwBrancheen
dc.subject.stwStandortfaktoren
dc.subject.stwSchätzungen
dc.subject.stwEntwicklungsländeren
dc.titleForeign direct investment and economic growth in developing countries: how relevant are host-country and industry characteristics?-
dc.typeWorking Paperen
dc.identifier.ppn36794023Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1176en

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