{"id":"https://openalex.org/W4367296147","doi":"https://doi.org/10.1596/1813-9450-10422","title":"The Elusive Link Between FDI and Economic Growth","display_name":"The Elusive Link Between FDI and Economic Growth","publication_year":2023,"publication_date":"2023-04-26","ids":{"openalex":"https://openalex.org/W4367296147","doi":"https://doi.org/10.1596/1813-9450-10422"},"language":"en","primary_location":{"id":"doi:10.1596/1813-9450-10422","doi":"https://doi.org/10.1596/1813-9450-10422","is_oa":true,"landing_page_url":"https://doi.org/10.1596/1813-9450-10422","pdf_url":null,"source":null,"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"book"},"volume":null,"type":"report","indexed_in":["crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1596/1813-9450-10422","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5073013221","display_name":"Agust\u00edn S. B\u00e9n\u00e9trix","orcid":"https://orcid.org/0000-0002-6377-7509","observed_orcids":["https://orcid.org/0000-0002-6377-7509"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Agust\u00edn B\u00e9n\u00e9trix","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5150462885","display_name":"Hayley Pallan","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Hayley Pallan","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5055262705","display_name":"Ugo G. Panizza","orcid":"https://orcid.org/0000-0002-7354-1583","observed_orcids":["https://orcid.org/0000-0002-7354-1583"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Ugo Panizza","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":35,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.9423999786376953,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.9423999786376953,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.042899999767541885,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.00430000014603138,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/foreign-direct-investment","display_name":"foreign direct investment","score":0.9959999918937683},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9959999918937683},{"id":"https://openalex.org/keywords/fdi-growth-nexus","display_name":"FDI-growth nexus","score":0.8550000190734863},{"id":"https://openalex.org/keywords/financial-development","display_name":"financial development","score":0.5120000243186951},{"id":"https://openalex.org/keywords/human-capital","display_name":"human capital","score":0.9929999709129333},{"id":"https://openalex.org/keywords/absorptive-capacity","display_name":"absorptive capacity","score":0.875},{"id":"https://openalex.org/keywords/global-value-chains","display_name":"global value chains","score":0.8059999942779541},{"id":"https://openalex.org/keywords/emerging-market-and-developing-economies","display_name":"emerging and developing economies","score":0.7350000143051147},{"id":"https://openalex.org/keywords/time-varying-effects","display_name":"time-dependent effects","score":0.5809999704360962}],"concepts":[{"id":"https://openalex.org/C610760","wikidata":"https://www.wikidata.org/wiki/Q1340706","display_name":"Endogeneity","level":2,"score":0.920326828956604},{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.8287440538406372},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6970052123069763},{"id":"https://openalex.org/C162144332","wikidata":"https://www.wikidata.org/wiki/Q1665305","display_name":"Instrumental variable","level":2,"score":0.6492856740951538},{"id":"https://openalex.org/C2776943663","wikidata":"https://www.wikidata.org/wiki/Q165687","display_name":"Human capital","level":2,"score":0.5925606489181519},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.46985924243927},{"id":"https://openalex.org/C2986115478","wikidata":"https://www.wikidata.org/wiki/Q186290","display_name":"Positive correlation","level":2,"score":0.4500945210456848},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4336162805557251},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.4330783784389496},{"id":"https://openalex.org/C2988405389","wikidata":"https://www.wikidata.org/wiki/Q6987247","display_name":"Negative correlation","level":2,"score":0.4274728298187256},{"id":"https://openalex.org/C4249254","wikidata":"https://www.wikidata.org/wiki/Q3044431","display_name":"Demographic economics","level":1,"score":0.34255415201187134},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.23267397284507751},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.19386431574821472},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.1392577588558197},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0}],"mesh":[],"locations_count":11,"locations":[{"id":"doi:10.1596/1813-9450-10422","doi":"https://doi.org/10.1596/1813-9450-10422","is_oa":true,"landing_page_url":"https://doi.org/10.1596/1813-9450-10422","pdf_url":null,"source":null,"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"book"},{"id":"doi:10.2139/ssrn.4958185","doi":"https://doi.org/10.2139/ssrn.4958185","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4958185","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:gii:giihei:heidwp26-2022","doi":null,"is_oa":false,"landing_page_url":"http://repec.graduateinstitute.ch/pdfs/Working_papers/HEIDWP26-2022.pdf","pdf_url":"http://repec.graduateinstitute.ch/pdfs/Working_papers/HEIDWP26-2022.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:wbk:wbrwps:10422","doi":null,"is_oa":false,"landing_page_url":"http://documents.worldbank.org/curated/en/099525104252334422/pdf/IDU0e021b3d30ef6504b780ace90ed590ce1fee5.pdf","pdf_url":"http://documents.worldbank.org/curated/en/099525104252334422/pdf/IDU0e021b3d30ef6504b780ace90ed590ce1fee5.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:repository.graduateinstitute.ch:300944","doi":null,"is_oa":true,"landing_page_url":"http://repository.graduateinstitute.ch/record/300944","pdf_url":"https://repository.graduateinstitute.ch/record/300944/files/HEIDWP26-2022.pdf","source":{"id":"https://openalex.org/S4306402451","display_name":"Graduate Institute Geneva Institutional Repository (Graduate Institute of International and Development Studies)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I951315","host_organization_name":"Graduate Institute of International and Development Studies","host_organization_lineage":["https://openalex.org/I951315"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://repository.graduateinstitute.ch/record/300944","raw_type":"Text"},{"id":"pmh:oai:econstor.eu:10419/278236","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10419/278236","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},{"id":"pmh:oai:openknowledge.worldbank.org:10986/39743","doi":null,"is_oa":true,"landing_page_url":"http://documents.worldbank.org/curated/en/099525104252334422/IDU0e021b3d30ef6504b780ace90ed590ce1fee5","pdf_url":null,"source":{"id":"https://openalex.org/S4377196270","display_name":"The World Bank Open Knowledge Repository (World Bank)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1334329717","host_organization_name":"World Bank","host_organization_lineage":["https://openalex.org/I1334329717"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Working Paper"},{"id":"pmh:oai:repository.graduateinstitute.ch:301018","doi":null,"is_oa":false,"landing_page_url":"http://repository.graduateinstitute.ch/record/301018","pdf_url":null,"source":{"id":"https://openalex.org/S4306402451","display_name":"Graduate Institute Geneva Institutional Repository (Graduate Institute of International and Development Studies)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I951315","host_organization_name":"Graduate Institute of International and Development Studies","host_organization_lineage":["https://openalex.org/I951315"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://repository.graduateinstitute.ch/record/301018","raw_type":"Text"},{"id":"pmh:oai:repository.graduateinstitute.ch:301423","doi":null,"is_oa":false,"landing_page_url":"http://repository.graduateinstitute.ch/record/301423","pdf_url":null,"source":{"id":"https://openalex.org/S4306402451","display_name":"Graduate Institute Geneva Institutional Repository (Graduate Institute of International and Development Studies)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I951315","host_organization_name":"Graduate Institute of International and Development Studies","host_organization_lineage":["https://openalex.org/I951315"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://repository.graduateinstitute.ch/record/301423","raw_type":"Text"},{"id":"pmh:oai:repository.graduateinstitute.ch:301564","doi":null,"is_oa":false,"landing_page_url":"http://repository.graduateinstitute.ch/record/301564","pdf_url":null,"source":{"id":"https://openalex.org/S4306402451","display_name":"Graduate Institute Geneva Institutional Repository (Graduate Institute of International and Development Studies)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I951315","host_organization_name":"Graduate Institute of International and Development Studies","host_organization_lineage":["https://openalex.org/I951315"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://repository.graduateinstitute.ch/record/301564","raw_type":"Text"},{"id":"doi:10.71609/iheid-fem0-zx87","doi":"https://doi.org/10.71609/iheid-fem0-zx87","is_oa":true,"landing_page_url":"https://doi.org/10.71609/iheid-fem0-zx87","pdf_url":null,"source":{"id":"https://openalex.org/S7407050519","display_name":"Institut de hautes \u00e9tudes internationales et du d\u00e9veloppement","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I951315","host_organization_name":"Graduate Institute of International and Development Studies","host_organization_lineage":["https://openalex.org/I951315"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"}],"best_oa_location":{"id":"doi:10.1596/1813-9450-10422","doi":"https://doi.org/10.1596/1813-9450-10422","is_oa":true,"landing_page_url":"https://doi.org/10.1596/1813-9450-10422","pdf_url":null,"source":null,"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"book"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.9211000204086304,"id":"https://metadata.un.org/sdg/8"}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":22,"referenced_works":["https://openalex.org/W645432946","https://openalex.org/W1738654981","https://openalex.org/W1966816818","https://openalex.org/W1986284388","https://openalex.org/W2011474190","https://openalex.org/W2054901088","https://openalex.org/W2100130392","https://openalex.org/W2118589258","https://openalex.org/W2734677730","https://openalex.org/W2788873199","https://openalex.org/W2969263876","https://openalex.org/W3023714059","https://openalex.org/W3121998195","https://openalex.org/W3123683947","https://openalex.org/W3123743859","https://openalex.org/W3123888140","https://openalex.org/W3159624749","https://openalex.org/W3190085093","https://openalex.org/W3198087453","https://openalex.org/W3211963640","https://openalex.org/W4237018251","https://openalex.org/W4247571138"],"related_works":["https://openalex.org/W1787667436","https://openalex.org/W4392143617","https://openalex.org/W2384450997","https://openalex.org/W7097238457","https://openalex.org/W2994145933","https://openalex.org/W2613198120","https://openalex.org/W3124794892","https://openalex.org/W194258848","https://openalex.org/W2155980847","https://openalex.org/W7112589282"],"abstract_inverted_index":{"This":[0],"paper":[1,116],"revisits":[2],"the":[3,17,21,71,76,102,125,135,145,148,157,161],"link":[4,77],"between":[5,31,78,97],"FDI":[6,32,79,98,128],"and":[7,12,33,54,80,93,99,144],"economic":[8],"growth":[9,34,81,100],"in":[10,160],"emerging":[11],"developing":[13],"economies.":[14],"Analysis":[15],"of":[16,20,40,67,127,150],"early":[18],"decades":[19],"sample":[22],"shows":[23],"that":[24,75,134],"there":[25,89],"is":[26,52,90],"no":[27],"statistically":[28,55,94],"significant":[29,56,95],"correlation":[30,51],"for":[35,57,101],"countries":[36,58],"with":[37,47,59,105],"average":[38,103],"levels":[39,66],"education":[41],"or":[42,64],"financial":[43,62],"depth.":[44],"In":[45],"line":[46],"previous":[48],"contributions,":[49],"this":[50,113],"positive":[53,92],"sufficiently":[60],"well-developed":[61],"sectors":[63],"high":[65],"human":[68],"capital.":[69],"However,":[70],"findings":[72],"also":[73,117],"show":[74],"varies":[82],"over":[83],"time.":[84],"For":[85],"more":[86],"recent":[87],"periods,":[88],"a":[91,109,119],"relationship":[96],"country,":[104],"local":[106],"conditions":[107],"having":[108],"negative":[110],"effect":[111],"on":[112,147],"link.":[114],"The":[115],"develops":[118],"novel":[120],"instrument":[121],"aimed":[122],"at":[123],"addressing":[124],"endogeneity":[126],"inflows.":[129],"Instrumental":[130],"variable":[131],"estimates":[132],"suggest":[133],"results":[136,146],"are":[137],"unlikely":[138],"to":[139,156],"be":[140,154],"driven":[141],"by":[142],"endogeneity,":[143],"role":[149],"absorptive":[151],"capacities":[152],"may":[153],"due":[155],"GVC":[158],"revolution":[159],"1990s.":[162]},"counts_by_year":[{"year":2026,"cited_by_count":8},{"year":2025,"cited_by_count":9},{"year":2024,"cited_by_count":14},{"year":2023,"cited_by_count":4}],"updated_date":"2026-10-21T09:56:26.102985","created_date":"2023-04-29T00:00:00"}