Hidden Bibliographic Details
| Other authors / contributors: | Alfaro, Laura.
International Monetary Fund. African Department.
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| ISBN: | 128203524X
9781282035249
1451904843
9781451904840
1462345816
9781462345816
1452732027
9781452732022
9786613796776
6613796778
9781451859485
1451859481
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| Notes: | Includes bibliographical references (pages 30-32).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of ability. Agents can either work for the foreign company or undertake entrepreneurial activities, which are subject to a fixed cost. Better financial markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in contributing to development.
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| Other form: | Print version: FDI spillovers, financial markets, and economic development. Washington, D.C. : International Monetary Fund, ©2003
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| Standard no.: | 10.5089/9781451904840.001
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