Does Foreign Direct Investment Generate Economic Growth? A New Empirical Approach Applied to Spain

@inproceedings{Carbonell2018DoesFD,
  title={Does Foreign Direct Investment Generate Economic Growth? A New Empirical Approach Applied to Spain},
  author={Jorge Carbonell and Richard A. Werner},
  year={2018}
}
It is often asserted with confidence that foreign direct investment (FDI) is beneficial for economic growth in the host economy. Empirical evidence has been mixed, and there remain gaps in the literature. The majority of FDI has been directed at developed countries. Single-country studies are needed, due to the heterogeneous relationship between FDI and growth, and because the impact of FDI on growth is said to be largest in open, advanced developed countries with an educated workforce and… CONTINUE READING

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