资源描述：
《How Does Foreign Direct Investment Affect Economic Growth》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、JournalofInternationalEconomics45(1998)115±135Howdoesforeigndirectinvestmentaffecteconomic1growth?E.Borenszteina,*,J.DeGregorio,J-W.LeebcaInternationalMonetaryFund,ResearchDepartment,WashingtonDC20431USAbCenterforAppliedEconomics,DepartmentofIndustrialEngineering,UniversidaddeChi
2、le,Santiago,ChilecEconomicsDepartment,KoreaUniversityandNBER,Seoul136-701KoreaReceived21February1996;receivedinrevisedform24February1997;accepted20May1997AbstractWetesttheeffectofforeigndirectinvestment(FDI)oneconomicgrowthinacross-countryregressionframework,utilizingdataonFDI¯ow
3、sfromindustrialcountriesto69developingcountriesoverthelasttwodecades.OurresultssuggestthatFDIisanimportantvehicleforthetransferoftechnology,contributingrelativelymoretogrowththandomesticinvestment.However,thehigherproductivityofFDIholdsonlywhenthehostcountryhasaminimumthresholdst
4、ockofhumancapital.Thus,FDIcontributestoeconomicgrowthonlywhenasuf®cientabsorptivecapabilityoftheadvancedtechnologiesisavailableinthehosteconomy.Ó1998ElsevierScienceB.V.Keywords:Foreigndirectinvestment;Economicgrowth;Cross-countryregressionframe-work;Developingcountries*Correspond
5、ingauthor:Tel.:112026237679;Fax:112026234740;e-mail:eborensztein@imf.org1WearegratefulforcommentsfromRobertBarro,ElhananHelpman,BoyanJovanovic,MohsinKhan,Se-JikKim,DonaldMathieson,SergioRebelo,JeffreySachs,PeterWickham,andtwoanonymousreferees.Commentsbyparticipantsinseminarsat199
6、5WorldCongressoftheEcono-metricSociety,KoreanMacroeconomicsWorkshop,KobeUniversity,andOsakaUniversitywereveryhelpful.ThispaperwaspartiallypreparedwhileJosedeGregorioandJong-WhaLeewereattheÂResearchDepartment,InternationalMonetaryFund.Anyopinionsexpressedareonlythoseoftheauthorsan
7、dnotthoseoftheinstitutionswithwhichtheauthorsareaf®liated.0022-1996/98/$19.00Ó1998ElsevierScienceB.V.Allrightsreserved.PIIS0022-1996(97)00033-0116E.Borenszteinetal./JournalofInternationalEconomics45(1998)115±1351.IntroductionTechnologydiffusionplaysacentralroleintheprocessofecono
8、mic2development.Incontrasttothetradition
