FDI and economic growth: New evidence on the role of financial markets
This study uses a threshold regression model and finds new evidence that the positive impact of FDI on growth "kicks in" only after financial market development exceeds a threshold level.Until then, the benefit of FDI is non-existent.
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2010
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/12579/1/FDI.pdf http://repo.uum.edu.my/12579/ http://dx.doi.org/10.1016/j.econlet.2010.01.027 |
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