Outward FDI and Economic Growth in Home Countries: Evidence from 59 Countries in 1980-2010 - Investimenti diretti esteri in uscita e crescita economica negli home countries: evidenze da 59 paesi nel periodo 1980-2010

Kevin Honglin Zhang ()
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Kevin Honglin Zhang: Illinois State University, Department of Economics, Postal: Campus Box 4200 Normal IL 61790-4200 - USA ,, http://www.ilstu.edu/

Economia Internazionale / International Economics, 2013, vol. 66, issue 1, 113-122

Abstract: While there is a large body of literature on the impact of inward foreign direct investment (FDI) on economic growth in host countries, few studies have been devoted to the role of outward FDI (OFDI) in the home economies. This paper intends to close the gap in the literature by investigating the question of how OFDI affects the home economic growth. We augment the Solow’s growth model with human capital further by including OFDI as an additional input, motivated by the fact that global OFDI has increased substantially since the early 1980s. The estimates indicate that OFDI seems to significantly contribute to economic growth in home countries. - Esiste un’ampia letteratura che riguarda l’impatto degli investimenti diretti esteri in entrata sulla crescita economica dei paesi oggetto dell’investimento, mentre solo pochi studi sono stati dedicati al ruolo degli investimenti diretti esteri in uscita. Il presente lavoro si propone di colmare questo vuoto esaminando il problema della influenza sulla crescita economica degli investimenti diretti esteri in uscita. Nel modello di crescita di Solow viene aggiunto il capitale umano, includendo l’investimento diretto estero in uscita quale dato aggiuntivo, considerando che globalmente tali investimenti sono aumentati in modo significativo dall’inizio degli anni ’80. Le stime indicano che gli investimenti diretti esteri in uscita sembrano contribuire significativamente alla crescita economica dei paesi che li effettuano.

Keywords: Outward Foreign Direct Investment (OFDI); Home Economic Growth (search for similar items in EconPapers)
JEL-codes: F21 F23 O50 (search for similar items in EconPapers)
Date: 2013
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