FDI and economic growth: new evidence on the role of financial markets
This study uses a threshold regression model and finds new evidence that the positive impact of FDI on growth “kicks in” only after financial market development exceeds a threshold level. Until then, the benefit of FDI is non-existent.
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2010
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| Online Access: | http://psasir.upm.edu.my/id/eprint/14738/1/FDI%20and%20economic%20growth%20new%20evidence%20on%20the%20role%20of%20financial%20markets.pdf |