How does foreign direct investment affect economic growth?

被引：2161

作者：

Borensztein, E ^{[1
]}

De Gregorio, J

Lee, JW

机构：

[1] Int Monetary Fund, Res Dept, Washington, DC 20431 USA

[2] Univ Chile, Dept Ind Engn, Ctr Appl Econ, Santiago, Chile

[3] Korea Univ, Dept Econ, Seoul 136701, South Korea

[4] NBER, Seoul 136701, South Korea

来源：

JOURNAL OF INTERNATIONAL ECONOMICS | 1998年 / 45卷 / 01期

关键词：

foreign direct investment; economic growth; cross-country regression framework; developing countries;

D O I：

10.1016/S0022-1996(97)00033-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework, utilizing data on FDI flows from industrial countries to 69 developing countries over the last two decades. Our results suggest that FDI is an important vehicle for the transfer of technology, contributing relatively more to growth than domestic investment. However, the higher productivity of FDI holds only when the host country has a minimum threshold stock of human capital. Thus, FDI contributes to economic growth only when a sufficient absorptive capability of the advanced technologies is available in the host economy. (C) 1998 Elsevier Science B.V.

引用

页码：115 / 135

页数：21

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