FDI, banking crisis and growth: direct and spill over effects

• Tác giả: Brahim Gaies, Stéphane Goutte, Khaled Guesmi
• Ngôn ngữ: eng
• Ký hiệu phân loại: 339.4 Factors affecting income and wealth
• Thông tin xuất bản: 2019
• Bộ sưu tập: Metadata
• ID: 162774

Tóm tắt

This study suggests a new decomposition of the effect of Foreign Direct Investment (FDI) on long-term growth in developing countries. It reveals that FDI not only have a positive direct effect on growth, but also increase the latter by reducing the recessionary effect resulting from a banking crisis. Even more, they reduce its occurrence. JEL: F65, F36, G01, G15