Sectoral Analysis of Foreign Investment and Growth In the Developed Countries

Tam Vu () and Ilan Noy
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Tam Vu: College of Business and Economics, University of Hawaii at Hilo

No 200725, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: Empirical studies on FDI and growth in developed countries have yielded conflicting results using cross-country regressions. We use sectoral data for a group of six country members of the Organization for Economic Cooperation and Development. Our paper is the first to identify the sector-specific impact of FDI on growth in the developed countries. Our results show that FDI might have positive or negative effect on economic growth operating directly and through its interaction with labor. Moreover, we find the effects seem to be very different across countries and economic sectors.

Keywords: Foreign direct investment; growth (search for similar items in EconPapers)
JEL-codes: F21 F43 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2007-09-30
New Economics Papers: this item is included in nep-dev, nep-fdg and nep-sea
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Citations: View citations in EconPapers (3)

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