留学生硕士论文 英国论文 日语论文 澳洲论文 Turnitin剽窃检测 英语论文发表 留学中国 欧美文学特区 论文寄售中心 论文翻译中心

Bussiness ManagementMBAstrategyHuman ResourceMarketingHospitalityE-commerceInternational Tradingproject managementmedia managementLogisticsFinanceAccountingadvertisingLawBusiness LawEducationEconomicsBusiness Reportbusiness planresearch proposal


ResumeRecommendation LetterMotivation LetterPSapplication letterMBA essayBusiness Letteradmission letter Offer letter



英语论文开题报告英语毕业论文写作指导英语论文写作笔记handbook英语论文提纲英语论文参考文献英语论文文献综述Research Proposal代写留学论文代写留学作业代写Essay论文英语摘要英语论文任务书英语论文格式专业名词turnitin抄袭检查








美国哈佛大学留学生论文需求:Foreign Direct Investment and Growth: Does the Sector Matter?

论文作者:留学生论文论文属性:硕士毕业论文 thesis登出时间:2011-01-31编辑:anterran点击率:11663

论文字数:12410论文编号:org201101310901063260语种:英语论文 English地区:美国价格:免费论文


关键词:Foreign Direct Investmenteconomic growthprimary sectormanufacturing sectorservice sectorspilloversFDI

Foreign Direct Investment and Growth: Does the Sector Matter? *
Laura Alfaro
Harvard Business School
April 2003
Although it may seem natural to argue that foreign direct investment 留学生论文网(FDI) can convey great advantages to host countries, this paper shows that the benefits of FDI vary greatly across sectors by examining the effect of foreign direct investment on growth in the primary, manufacturing, and services sectors. An empirical analysis using cross-country data for the period 1981-1999 suggests that total FDI exerts an ambiguous effect on growth. Foreign direct investments in the primary sector, however, tend to have a negative effect on growth, while investment in manufacturing a positive one. Evidence from the service sector is ambiguous.
Key words: Foreign Direct Investment, economic growth, primary sector, manufacturing sector, service sector, spillovers.
JEL Classification: F23, F36, F43
Harvard Business School, Morgan 263, Boston, MA 02163. Tel: 617-495-7981. Fax: 617-496-5985. E-mail: lalfaro@hbs.edu. I would like to thank Esteban Clavell for superb research assistance.
1. Introduction
Many policy makers and academics contend that foreign direct investment (FDI) can have important positive effects on a host country’s development effort.1 In addition to the direct capital financing it supplies, FDI can be a source of valuable technology and know-how while fostering linkages with local firms, which can help jumpstart an economy. Based on these arguments, industrialized and developing countries have offered incentives to encourage foreign direct investments in their economies.
Recently, however, the special merits of FDI and particularly the kinds of incentives offered to foreign firms in practice have begun to be questioned. Fueling this debate is that empirical evidence for FDI generating positive spillovers for host countries is ambiguous at both the micro and macro levels.2 In a recent survey of the literature, Hanson (2001) argues that evidence that FDI generates positive spillovers for host countries is weak. In a review of micro data on spillovers from foreign-owned to domestically owned firms, Gorg and Greenwood (2002) conclude that the effects are mostly negative. Lipsey (2002) takes a more favorable view from reviewing the micro literature and argues that there is evidence of positive effects. Surveying the macro empirical research led Lipsey to conclude, however, that there is no consistent relation between the size of inward FDI stocks or flows relative to GDP and growth. He further argues that there is need for more consideration of the different circumstances that obstruct or promote spillovers.3
1 The vast literature on foreign direct investment and multinational corporations has been surveyed many times. For recent surveys see Markusen (1995) and Caves (1996).
2 For example, positive effects of FDI spillovers were reported as part of Caves’ (1974) pioneering work in Australia, and by Kokko (1994) in Mexico. However, Haddad and Harrison’s (1993) findings in Morocco and Aitken and Harrison’s (1999) in Venezuela do not support the positive spillovers hypothesis.
3 The work by Borensztein et al. (1998), Xu (2000), and Alfaro et al. (2003) suggests that educational level, development of local financial markets, and other local conditions play an important role in allowing the positive effects of FDI to materialize. Blomstrom and Kokko (2003) concluded from their论文英语论文网提供整理,提供论文代写英语论文代写代写论文代写英语论文代写留学生论文代写英文论文留学生论文代写相关核心关键词搜索。

共 1/17 页首页上一页1234567下一页尾页

英国英国 澳大利亚澳大利亚 美国美国 加拿大加拿大 新西兰新西兰 新加坡新加坡 香港香港 日本日本 韩国韩国 法国法国 德国德国 爱尔兰爱尔兰 瑞士瑞士 荷兰荷兰 俄罗斯俄罗斯 西班牙西班牙 马来西亚马来西亚 南非南非

   Europe (24-hours)
   china (24-hours)