Foreign Direct Investment and Economic Growth: The Importance of Institutions and Urbanization*

By Cheng Hsiao, Yan Shen. Economic development and cultural change, 2003

211 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/0501f43cfd048f8254449126027591686eebb222

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Citations in the corpus

Is foreign direct investment good for growth? Evidence from sectoral analysis of China and Vietnam (2008, methodology): “developing countries, Hsiao and Shen (2003) find that institutional strength and high levels of urbanization are conditions for positive effects of FDI on growth.”
Investigating the influence of tourism on economic growth and carbon emissions: Evidence from panel analysis of the European Union (2013, background): “Hsiao and Shen (2003) reported that economic growth is one of the important factors attracting foreign investment in developing countries, whereas Aitken, Hanson, and Harrison (1997) found evidence of beneficial spillovers from multinational enterprises to the host economy.”
Causal Relationships between Energy Consumption, Foreign Direct Investment and Economic Growth: Fresh Evidence from Dynamic Simultaneous-Equations Models (2015, unknown): “Aitken et al. (1997) have shown evidence of beneficial spillovers from multinational enterprises to the host economy, whereas Hsiao and Shen (2003) reported that economic growth is one of the important factors in attracting FDI, in particular in developing countries.”
The contribution of foreign direct investment to clean energy use, carbon emissions and economic growth (2013, background): “Aitken et al. (1997) have shown evidence of beneficial spillovers from multinational enterprises to the host economy, whereas Hsiao and Shen (2003) reported that economic growth is one of the important factors in attracting FDI, in particular in developing countries.”
New insights into an old issue – examining the influence of tourism on economic growth: evidence from selected small island developing states (2019, background): “Meanwhile, Hsiao and Shen (2003) argued that economic growth is one crucial factor that stimulates foreign direct investors, while Zhang (2011) was of the opinion that the direction of causal relationship between FDI and growth depends on country-specific factors.”
The 45 years of foreign direct investment research: Approaches, advances and analytical areas (2017, unknown): “Hsiao and Shen (2003) have shown the two-way relationship between FDI and growth using the variables FDI and GDP.”
Governance and foreign direct investment links: evidence from panel data estimations (2007, background): “The overall determinants of FDI have been extensively reviewed in De Mello (1997) and others for example, Ram and Zhang (2002); Hsiao and Shen (2003); Li and Lui (2005) noting FDI’s beneficial effects.”