Growth effects of FDI and portfolio investment flows to developing countries: a disaggregated analysis by income levels

Glauco De Vita

111 citations0/0 files storedApplied Economics Letters

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

International Business and FDI Global Financial Crisis and Policies Economic Growth and Productivity

Abstract

What is the impact of foreign direct investment (FDI) and portfolio investment flows on the economic growth of low-, lower middle- and upper middle-income countries? In this article we address this question using a dynamic panel model and a large data set of 126 developing countries for the period 1985 to 2002. Employing the system-generalized methods of moments (GMM) estimation approach, our findings suggest that only developing countries that have reached a minimum level of economic development and absorptive capacity are capturing the growth-enhancing effects of both forms of investment inflows.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 111 citations exist upstream.

References

1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations 1995Another look at the instrumental variable estimation of error-components models 1998How does foreign direct investment affect economic growth?2003FDI and economic growth: the role of local financial markets 2017Why Doesn't Capital Flow from Rich to Poor Countries?1996Foreign Direct Investment and Growth in EP and is Countries 2002Does Foreign Direct Investment Accelerate Economic Growth?2003Foreign direct investment, financial development and economic growth

Cited by

2019The effects of economic policy uncertainty on outward foreign direct investment 2013Growth and Foreign Direct Investment in the Pacific Island countries 2019Financial flows and economic growth in developing countries 2011FDI, Technology Spillovers, Growth, and Income Inequality: A Selective Survey 2010WHAT MAKES INTERNATIONAL CAPITAL FLOWS PROMOTE ECONOMIC GROWTH? AN INTERNATIONAL CROSS-COUNTRY ANALYSIS

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.