The effects of foreign direct investment on economic growth in low income countries
Lunedì 8 novembre 2010, ore 14,30, Aula 6
Randolph BRUNO - University of Birmingham
Introduce: Marcello Signorelli, Università di Perugia
Abstract:
How effective is foreign direct investment in supporting economic growth rates in
low-income countries? This paper examines this question using meta-regression-analysis
techniques on a unique data set covering 556 estimates (of the impact of FDI on growth)
from 105 studies. One main finding is that the effect of FDI on growth is significantly
greater in low- than in lower- and uppermiddle income countries. Among the factors
explaining its variation, econometric method and specification are central. The inclusion
of absorptive capacity variables such as human capital and R&D is associated with
systematically smaller effects of FDI on growth.
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