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.

Bibliographic Details
Main Authors: Azman-Saini, W.N.W., Law, Siong Hook, Ahmad, Abd Halim @ Hamilton
Format: Article
Language:English
Published: Elsevier 2010
Subjects:
Online Access:https://repo.uum.edu.my/id/eprint/12579/1/FDI.pdf