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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Bibliographic Details
Main Authors: Azman-Saini, W.N.W., Law, Siong Hook, Ahmad, Abd Halim @ Hamilton
Format: Article
Language:English
Published: Elsevier 2010
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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