Does foreign direct investment promote growth? Exploring the role of financial markets on linkages

By Laura Alfaro, Areendam Chanda, Sebnem Kalemli‐ozcan, Selin Sayek. 2010

613 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Information Systems, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/9f03a97254fbe01be228d22454531c8793cca29f

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Citations in the corpus

Financialisation in emerging economies: a systematic overview and comparison with Anglo-Saxon economies (2017, background): “But similarly, empirical evidence on the growth-impact of long-term inflows such as foreign direct inflows (FDI) is mixed (Alfaro et al. 2010), even though it is praised as source of resources, technology and human development among many policy makers and academics (Stiglitz 2000).”
Inward FDI and growth: The role of macroeconomic and institutional environment (2011, background): “Moreover, knowledge spillovers occur only if local firms have the ability to invest in absorbing foreign technologies, which may be restricted by underdeveloped local financial markets (see Alfaro et al, 2004, 2009, 2010; Durham, 2004 and Hermes and Lensink 2003)8.”
Causality between FDI and Financial Market Development: Evidence from Emerging Markets (2011, background): “…finds FDI is only efficient at spurring growth when certain conditions are met, one of which consists of a fairly developed financial sector (e.g., Alfaro et al (2004, 2010), Hermes and Lensink (2003)).1 The second provides evidence that well-functioning financial sector or market…”
Estimating vertical spillovers from FDI: Why results vary and what the true effect is (2011, background): “ment of the host country (Javorcik & Spatareanu, 2009; Alfaro et al., 2010): if domestic firms have difficulty obtaining credit, they react rigidly to the demand of foreign affiliates, and the sluggish response can result in fewer linkages.”
Causal Relationships between Energy Consumption, Foreign Direct Investment and Economic Growth: Fresh Evidence from Dynamic Simultaneous-Equations Models (2015, neutral): “This result is consistent with the finding of Altinay and Karagol (2004) for Turkey.”
Gains from Foreign Direct Investment: Macro and Micro Approaches (2016, background): “These beneﬁts include the policy environment, quality of local institutions and ﬁnancial markets, sector characteristics and market structure, and spatial co-location (Alfaro et al. 2004, 2010; Alfaro and Hammel 2007; Alfaro and Charlton 2013; Alfaro and Chen 2014).”
Foreign Direct Investment, Trade, and Economic Growth: An Empirical Analysis of Bangladesh (2016, background): “(2009) [16] examined the relationship between foreign direct investment, the level of development of the financial sector, and economic growth.”
Firm Exports and Multinational Activity Under Credit Constraints (2011, background): “9 See, for example, Alfaro and Charleton (2007) and Alfaro et al. (2009).”
Does Foreign Aid Increase Foreign Direct Investment (2012, neutral): “See Te Welde (2006) for a historical perspective on FDI and development, and Alfaro (2010) for an assessment of FDI's impact on growth.”
Financial Development and Foreign Direct Investment—The Moderating Role of Quality Institutions (2020, background): “Our finding states that in the case of BRI countries, this relation is in line with the literature [43,53,58,73,74] and is such that the attraction of FDI inflows varies positively with the population of the host country.”