FDI and economic growth: New evidence on the role of financial markets

This study uses a threshold regression model and finds new evidence that the positive impact of FDI on growth “kicks in” only after financial market development exceeds a threshold level. Until then, the benefit of FDI is non-existent.

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Bibliographische Detailangaben
Veröffentlicht in:	Economics letters 2010-05, Vol.107 (2), p.211-213
Hauptverfasser:	Azman-Saini, W.N.W., Law, Siong Hook, Ahmad, Abd Halim
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital market theory Economic growth FDI FDI Economic growth Financial development Threshold effects Financial development Foreign direct investment Threshold effects
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Beschreibung
Zusammenfassung:	This study uses a threshold regression model and finds new evidence that the positive impact of FDI on growth “kicks in” only after financial market development exceeds a threshold level. Until then, the benefit of FDI is non-existent.
ISSN:	0165-1765 1873-7374
DOI:	10.1016/j.econlet.2010.01.027