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FDI, banking crises and growth: direct and spill over effects

Brahim Gaies (), Stéphane Goutte () and Khaled Guesmi ()

Working Papers from HAL

Abstract: This study suggests a new decomposition of the effect of foreign direct investment (FDI) on the long-term growth of developing countries. It reveals that FDI not only has a direct positive effect on growth, but also increases it by reducing the recessionary effect resulting from a banking crisis. However, these advantages are conditioned by the FDI threshold, which in turn depends on the "absorption capacity" of the host country. JEL: F65, F36, G01, G15

Keywords: growth; FDI; system GMM; panel logit model 2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fdg and nep-int
Date: 2019-01-09
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01967999
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