How Does Foreign Direct Investment Really Affect Developing Countries' Growth?

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The Effects of Greenfield FDI and Cross‐border M&As on Total Factor Productivity (2016, unknown): “Herzer (2012) finds that several factors, including primary export dependence, explain the large differences in the growth effects of FDI across developing host countries.4 This leads to our first hypothesis: H1: The effects of FDI on TFP tend to be blurred when assessed for a large sample of…”
Does Foreign Direct Investment Generate Economic Growth? A New Empirical Approach Applied to Spain (2018, methodology): “Herzer (2012) analyzes the effect of FDI on economic growth in forty-four developing countries, adopting the GETS methodology to identify country-specific factors (e.g., primary export dependence), and reports a negative effect on growth but also large cross-country differences.”
Foreign direct investment and economic growth: Exploring the transmission channels (2018, background): “Macro-based empirical research (see Saltz, 1992; Carcovic and Levine, 2005; Lipsey, 2002; Kose et al., 2009; Herzer, 2012; Yalta, 2013; Feeny et al., 2014; Iamsiraroj and Ulubaşo glu, 2015) also reveal that the FDI-growth relationship remains, largely inconclusive.”