Institutions, Foreign Direct Investment, and Domestic Investment: Crowding Out or Crowding In?

被引：88
|
作者：
Farla, Kristine [1 ,2 ]
De Crombrugghe, Denis [1 ]
Verspagen, Bart [2 ]
机构：
[1] Maastricht Univ, NL-6200 MD Maastricht, Netherlands
[2] UNU MERIT, Maastricht, Netherlands
来源：
WORLD DEVELOPMENT | 2016年 / 88卷
关键词：
investment; FDI; governance; technology spillovers; rent seeking; developing countries; ECONOMIC-GROWTH; TIME-SERIES; PANEL-DATA; FDI; GMM;
D O I：
10.1016/j.worlddev.2014.04.008
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
Studies of the relationship between FDI and domestic investment reach contradictory findings. We argue that some of the conflicting evidence may be explained by the use of poor proxies for the theoretical concepts and questionable methodological choices. We review the paper of Morrissey and Udomkerdmonkol published in this journal in 2012. Improvements in the construction of the proxies and. refinements in the estimation methodology reverse the finding of Morrissey and Udomkerdmonkol that FDI inflows crowd out domestic investment. Furthermore, there is no strong evidence that "good governance" actually encourages domestic investment. (C) 2014 Elsevier Ltd. All rights reserved.
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页码：1 / 9
页数：9
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