Modernisation industrielle capital étranger et croissance

Industrial modernization foreign capital and economic growth

Mohamed Jellal ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper aims to model theoretically the fundamental links between financial development, foreign direct investment and economic development. In particular, we show that the entry of foreign capital flows can support an endogenous economic growth path of the host country. Indeed, we give the micro-foundations of the simple model of endogenous growth of Pagano (1993), which allowed us to analyze the impact of a constellation of key elements for economic growth. Among these elements, we identified the importance of the size of the financial sector, modernization and quality of education, diaspora network, quality of institutions and economic diplomacy in stimulating economic growth. Our main theoretical predictions are of great importance for the Arab countries that are currently undergoing political and economic transition

Keywords: Financial Development; Foreign Capital; Diaspora; Institution; Quality of Education; Economic Diplomacy; Industrialization; Endogenous Growth; Mena. (search for similar items in EconPapers)
JEL-codes: F1 F2 F21 F22 F23 F24 F43 O1 O4 O43 (search for similar items in EconPapers)
Date: 2014-08-02
New Economics Papers: this item is included in nep-ara
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:57738

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