Does growth attract FDI?

Sasi Iamsiraroj and Chris Doucouliagos

No 2015-18, Economics Discussion Papers from Kiel Institute for the World Economy

Abstract: FDI is seen widely as a vital source of investment, technology transfer, and growth. The factors that attract FDI have been a longstanding source of debate. The authors present a comprehensive assessment of the accumulated evidence on one factor, the success of economic growth in attracting FDI. Meta-regression analysis is applied to 946 estimates from 140 empirical studies. The authors show that there is a robust positive correlation between growth and FDI. Significantly larger correlations are established for single country case studies than with cross-country analysis. It also appears that growth is slightly more correlated with FDI in developing countries.

Keywords: economic growth; FDI; meta-regression analysis (search for similar items in EconPapers)
JEL-codes: F21 O24 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-fdg and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:201518

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