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Kiel Institute for World Economics Kiel Working Papers, Kiel Institute for World Economics

No 1176:
Foreign Direct Investment and Economic Growth in Developing Countries: How Relevant Are Host-country and Industry Characteristics?

Julius Spatz Peter Nunnenkamp

Abstract: Conclusive evidence supporting the widely held view that developing countries should draw on foreign direct investment (FDI) to spur economic development is surprisingly hard to come by. We raise the proposition that results on the growth impact of FDI ar

Keywords: foreign direct investment stocks, resource-seeking, market-seeking and efficiency-seeking FDI, host-country characteristics, industry characteristics, economic growth effects; (follow links to similar papers)

JEL-Codes: F21; (follow links to similar papers)

54 pages, November 2003

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