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Title: Economic Growth and FDI Inflows: A Stochastic Frontier Analysis
Contributor(s): Wijeweera, Albert (author); Villano, Renato  (author)orcid ; Dollery, Brian E  (author)
Publication Date: 2010
DOI: 10.1353/jda.0.0059
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Abstract: Despite plausible theoretical grounds for presuming a positive relationship between foreign direct investment inflows (FDI) and economic growth, existing empirical evidence on this nexus is inconclusive. In an effort to add to the empirical literature, this paper estimates the relationship between FDI and the rate of growth of GDP using a stochastic frontier model and employing panel data covering 45 countries over the period 1997 to 2004. We find that FDI inflows exert a positive impact on economic growth only in the presence of a highly skilled labour; corruption has a negative impact on economic growth; and trade openness increases economic growth by means of efficiency gains.
Publication Type: Journal Article
Source of Publication: Journal of Developing Areas, 43(2), p. 143-158
Publisher: Tennessee State University
Place of Publication: United States of America
ISSN: 0022-037X
Field of Research (FOR): 140202 Economic Development and Growth
Socio-Economic Objective (SEO): 910103 Economic Growth
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
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