FDI spillovers, financial markets, and economic development /

FDI spillovers, financial markets, and economic development /

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, ©2003.
Description:	1 online resource (32 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/03/186 IMF working paper ; WP/03/186.
Subject:	Investments, Foreign -- Econometric models. Economic development -- Econometric models. Capital movements -- Econometric models. Capital movements -- Econometric models. Economic development -- Econometric models. Investments, Foreign -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12495993

Hidden Bibliographic Details
Other authors / contributors:	Alfaro, Laura. International Monetary Fund. African Department.
ISBN:	128203524X 9781282035249 1451904843 9781451904840 1462345816 9781462345816 1452732027 9781452732022 9786613796776 6613796778 9781451859485 1451859481
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.
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.
Other form:	Print version: FDI spillovers, financial markets, and economic development. Washington, D.C. : International Monetary Fund, ©2003
Standard no.:	10.5089/9781451904840.001

Description
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.
Physical Description:	1 online resource (32 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (pages 30-32).
ISBN:	128203524X 9781282035249 1451904843 9781451904840 1462345816 9781462345816 1452732027 9781452732022 9786613796776 6613796778 9781451859485 1451859481
ISSN:	2227-8885 ;