The Effect of Foreign Direct Investment on Economic Growth

被引：0
|
作者：
Sergey Kondyan
Karine Yenokyan
机构：
[1] Nazarbayev University,
[2] Johns Hopkins University,undefined
来源：
Eastern Economic Journal | 2019年 / 45卷
关键词：
Foreign direct investment; Growth; Transitional dynamics; O4; F15;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
We develop a theoretical model that studies the effects of FDI on growth in the absence of channels through which the spillover effects of FDI operate. By isolating the effects of FDI, we examine how FDI affects growth through its primary function of capital accumulation. Untangling the growth effects of FDI operating through capital accumulation from the spillover effects of FDI can help explain the ambiguity in the empirical evidence on the subject. The transitional dynamics are characterized by the interdependence of the variables of the source and recipient countries. We study the dynamic system through the model calibration analysis.
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页码：532 / 564
页数：32
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