Applied Economics Letters · 2014 · 50 citations · 12 references
BusinessEconomicsInternational BusinessDevelopment EconomicsForeign Direct InvestmentInternational EconomicsFdi DeterminantsFdi TheoriesGreenfield InvestmentInvestmentInvestment PolicyPanel Data MethodsForeign Direct Investment AnalysisGreenfield EntryGreenfield ExpansionInstitutional Determinants Of InvestmentMarket Seeking FdiPanel Data EndogeneityPanel Data EstimationPanel Data Regression
This article examines the effects of greenfield investment and M&As on domestic investment using panel data for 100 developing countries for the period 2003 to 2011. It is shown that while cross-border M&As do not have a significant effect on domestic investment, greenfield FDI has a large crowding-out effect.
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