Foreign direct investment, financial development and economic growth

By N. Hermes, Robert Lensink. 2003

1,331 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/edc4960a8136e89a3955af0b5a7b3dd077d7078e

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Citations in the corpus

Does trade openness affect long run growth? Cointegration, causality and forecast error variance decomposition tests for Pakistan (2012, background): “For example, skilled labour helps an economy in obtaining fruits of foreign direct investment through technology diffusions and spillover effects under the umbrella of trade openness (Barro and Sala-i-Martin, 1995 and, Hermes and Lensink, 2003).”
Financial Inclusion, Bank Concentration, and Firm Performance (2017, background): “Market structure effects may be particularly large in developing and emerging countries where lower efficiency and the high cost of credit magnify the gains expected from the diffusion of international best practices (Hermes & Lensink, 2003).”
Determinants of Economic Growth in V4 Countries and Romania (2017, background): “Other reasons from literature are related to spill over issues (Görg and Greenwood, 2003) or financial conditions specific to receiving countries (Hermes and Lensink, 2003).”
FDI Flows to Sub-Saharan Africa: The Impact of Finance, Institutions, and Natural Resource Endowment (2012, background): “In addition, financial development induces economic efficiency because of its capacity to ease information flow, contract enforcement, and transactions costs (Méon and Weill, 2010; Hermes and Lensink, 2003; Levine, 1997).”
FDI, Productivity and Financial Development (2009, background): “5 3 Durham (2004) and Hermes and Lensink (2003) provide further evidence that countries with a well-developed financial market gain significantly from FDI.”
Financial development and the FDI-growth nexus: the Malaysian experience (2009, background): “economic growth depends on the extent of financial development of the host country (Hermes and Lensink, 2003; Alfaro et al., 2004).”
The relationship between Co2 emissions, energy consumption, economic growth and FDI: the case of Turkey (2016, background): “emissions, economic growth, urbanization, energy usage, technological improvement and trade openness for the case of China as well for the period of 1995–2009 and, in contrast to Jalil and Feridun (2011), conclude that EKC hypothesis does not exist for the case of Chinese economy. Shahbaz et al. (20”
Determinant Factors of FDI Spillovers – What Do We Really Know? (2007, background): “For instance, Hermes and Lensink (2003)”
Do double taxation treaties increase foreign direct investment to developing countries? (2006, positive): “In comparing Japanese and US investment patterns in 1990, Hines (1998) estimates that FDI in developing countries with whom a “tax sparing” agreement exists is 1.”
Causality between FDI and Financial Market Development: Evidence from Emerging Markets (2011, methodology): “Hermes and Lensink (2003) investigate the role that the development of a financial system plays in enhancing the positive relationship between FDI and economic growth. Their dataset includes 67 countries, mostly from Latin America and Asia. They find that a certain degree of development of the finan”
Financial development, political rights, civil liberties and economic growth: evidence from South Asia (2012, background): “Hermes and Lensink (2003) have argued that financial development can also enhance the benefits of foreign direct investment (FDI).”
Financial Globalization and Economic Policies (2009, positive): “Using a large sample of developing countries over the period 1970–1995, Hermes and Lensink (2003) find that, in order to enjoy the growth benefits of FDI, a threshold level of financial sector development is a prerequisite.”