Foreign Direct Investment, China and the World Economy
Foreign Direct Investment, China and the World Economy

Author: P. Buckley

Publisher: Springer

Published: 2009-11-29

Total Pages: 438

ISBN-13: 0230248322

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China has become such an important element of the global economy that its influence cannot be ignored in almost any field of endeavour. The phenomenal impact of FDI in China and its (largely trade-related) consequences has been well documented and now there is a significant literature on the phenomenon of outward investment from China too. This book is an in depth study of the international business relationships of China covering both inward and outward foreign direct investment, its impact and related theoretical and policy issues. This volume of highly renowned author Peter Buckley's collected papers from 2005-8 continues his interest in the theory of international business (Section I) and policies towards foreign direct investment (FDI) (Section IV) but has a major concentration on China, both as regards outward foreign direct investment (OFDI) from China (Section II) and FDI in China (Section III).

Making Foreign Direct Investment Work for Sub-Saharan Africa
Making Foreign Direct Investment Work for Sub-Saharan Africa

Author: Thomas Farole

Publisher: World Bank Publications

Published: 2014-01-13

Total Pages: 302

ISBN-13: 1464801266

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This book presents the results of a groundbreaking study on ‘spillovers’ of knowledge and technology from global value-chain oriented foreign direct investment (FDI) in Sub-Saharan Africa, and discusses implications for policymakers hoping to harness the power of FDI for economic development.

Does Foreign Direct Investment Promote Development?
Does Foreign Direct Investment Promote Development?

Author: Theodore H. Moran

Publisher: Peterson Institute

Published: 2005

Total Pages: 442

ISBN-13: 9780881323818

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This volume gathers the cutting edge of new research on foreign direct investment and host country economic performance, and presents the most sophisticated critiques of current and past inquiries. It presents new results, concludes with an analysis of the implications for contemporary policy debates, and proposed new avenues for future research.

Innovation and Growth in the Global Economy
Innovation and Growth in the Global Economy

Author: Gene M. Grossman

Publisher: MIT Press

Published: 1993-01-29

Total Pages: 380

ISBN-13: 9780262570978

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Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents. Traditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. Innovation is treated as an exogenous process or a by-product of investment in machinery and equipment. Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents.

The Case for Industrial Policy
The Case for Industrial Policy

Author: Howard Pack

Publisher: World Bank Publications

Published: 2006

Total Pages: 51

ISBN-13:

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What are the underlying rationales for industrial policy? Does empirical evidence support the use of industrial policy for correcting market failures that plague the process of industrialization? To address these questions, the authors provide a critical survey of the analytical literature on industrial policy. They also review some recent industry successes and argue that only a limited role was played by public interventions. Moreover, the recent ascendance of international industrial networks, which dominate the sectors in which less developed countries have in the past had considerable success, implies a further limitation on the potential role of industrial policies as traditionally understood. Overall, there appears to be little empirical support for an activist government policy even though market failures exist that can, in principle, justify the use of industrial policy.

Foreign Direct Investment, Spillovers and Absorptive Capacity
Foreign Direct Investment, Spillovers and Absorptive Capacity

Author: Sourafel Girma

Publisher:

Published: 2016

Total Pages: 40

ISBN-13:

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This paper focuses on the role of absorptive capacity in determining whether or not domestic firms benefit from productivity spillovers from FDI using establishment level data for the UK. We allow for different effects of FDI on establishments located at different quantiles of the productivity distribution by using conditional quantile regression. Overall, while there is some heterogeneity in results across sectors and quantiles, our findings clearly suggest that absorptive capacity matters for productivity spillover benefits. We find evidence for a u-shaped relationship between productivity growth and FDI interacted with absorptive capacity. We also analyse in some detail the impact of changes in absorptive capacity on establishments' ability to benefit from spillovers.

Foreign Direct Investment in the Real and Financial Sector of Industrial Countries
Foreign Direct Investment in the Real and Financial Sector of Industrial Countries

Author: Heinz Herrmann

Publisher: Springer Science & Business Media

Published: 2003-03-19

Total Pages: 384

ISBN-13: 9783540005100

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A collection of papers on the determinants and consequences of foreign direct investment (FDI) in the real and financial sectors of industrial countries. The text sheds new light on the determinants of FDI, in particular the role of governmental incentives. Another main topic is the role of FDI in the east European accession countries. It provides insights into the question of whether EU enlargement will have consequences for capital flows into those countries. Since the start of European monetary union, the discussion on cross-border mergers in the European banking industry has intensified. The final part of the book contains contributions to this debate.

FDI Spillovers, Financial Markets, and Economic Development
FDI Spillovers, Financial Markets, and Economic Development

Author: Laura Alfaro

Publisher: International Monetary Fund

Published: 2003-09-01

Total Pages: 34

ISBN-13: 1451859481

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This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of ability. Agents can either work for the foreign company or undertake entrepreneurial activities, which are subject to a fixed cost. Better financial markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in contributing to development.

Foreign Direct Investment in China
Foreign Direct Investment in China

Author: Ziliang Deng

Publisher: Routledge

Published: 2013-03-01

Total Pages: 289

ISBN-13: 1136672648

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This book provides an insightful exploration of whether foreign direct investment (FDI) can promote the productivity of domestic enterprises. The book is based on a series of dedicated research conducted in the context of the Chinese economy, which has been the largest FDI host among the developing economies since 1993. The main themes of this book are (a) based on the latest literature and first-hand research, outlining possible mechanisms through which foreign direct investment could promote the productivity of domestic enterprises; (b) developing a comprehensive research framework to quantify the spillover effects with cutting-edge methodology; (c) constructing a decision support system for evaluating FDI policy reforms with advanced computer simulation techniques; (d) evaluating the broader impact of FDI spillovers on banking system and trade pattern. The book examines topical economic issues in the contemporary world economy from innovative perspectives, namely, how the presence of multinational enterprises has been one of the most important microeconomic drivers for the Chinese economy, how foreign banks have helped to enable Chinese banking system survive the global financial crisis, and how the domestic enterprises have learned to do exports from multinational affiliates and have changed the landscape of U.S.-Asian trade. The book incorporates the latest development of economic theory as well as computational economics model.

Foreign Direct Investment and the Chinese Economy
Foreign Direct Investment and the Chinese Economy

Author: Chunlai Chen

Publisher: Edward Elgar Publishing

Published: 2017-10-27

Total Pages: 201

ISBN-13: 1785369733

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Foreign Direct Investment and the Chinese Economy provides a comprehensive overview of the impact of foreign direct investment, with extensive empirical evidence, on the Chinese economy over the last three and a half decades.