The Journal of Development Studies · 2003 · 138 citations · 11 references
BusinessEconomicsForeign Direct InvestmentInternational EconomicsInternational TradeComparative AdvantageExport PromotionFdi DeterminantsGrowth TheoryTrade LiberalizationEconomic Growth DynamicsExplanatory Case StudyExport Promotion LinkagesExport Promotion MixForeign Direct Investment AnalysisGrowth Impact AssessmentGrowth Performance AssessmentInternational Trade Regimes
Abstract: This paper examines the role of trade policy regimes in conditioning the impact of foreign direct investment (FDI) on growth performance in investment receiving (host) countries through a case study of Thailand. The methodology involves estimating a growth equation, which provides for capturing the impact of FDI interactively with economic openness on economic growth, using data for the period 1970-1999. The results support the ‘Bhagwati’ hypothesis that, other things being equal, the growth impact of FDI tends to be greater under an export promotion (EP) trade regime compared to an import-substitution (IS) regime.
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Innovation and Growth in the Global Economy.
M. Scott Taylor, Gene M. Grossman, Elhanan Helpman · Economica · 1993 · 6.4K citations
Critical Values for Cointegration Tests
James G. MacKinnon · AgEcon Search (University of Minnesota, USA) · 2010 · 2.6K citations · Full text