Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies
Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies
复制标题
作为技术转让的外国直接投资:来自转型经济体的一些专家证据
DOI:
10.2139/ssrn.307094
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发表时间:
2002
期刊:
影响因子:
--
通讯作者:
Y. Kinoshita
中科院分区:
文献类型:
--
作者:
N. Campos;Y. Kinoshita
Although the theoretical literature has identified various sizeable benefits from foreign direct investment inflows (FDI), the empirical literature has been unable to establish a positive and significant impact of FDI on the rates of economic growth of host countries. One reason for this difficulty is that theory equates FDI to technology transferred, while in most countries and regions of the world FDI encompasses an array of arrangements that goes well beyond pure technology transfer. This paper tests for the effects of FDI on growth in a set of countries in which FDI is purer technology transferred: the 25 Central and Eastern European and former Soviet Union transition countries between 1990 and 1998. Our main finding is that, in this more appropriate setting, FDI has a positive and significant impact on economic growth as theory predicts.