Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Strategy, Policy, and Review Department, issuing body.
International Monetary Fund. African Department, issuing body.
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| ISBN: | 1282846078
9781282846074
9781455201150
1455201154
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| Notes: | Includes bibliographical references.
Print version record.
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| Summary: | What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large sample of middle and low-income countries. Two key results emerge : (i) lower borrowing costs and positive real-side external factors were increasingly important drivers of FDI outflows to low-income countries in the pre-crisis period; (ii) economic fundamentals, the strength of economic reforms, and commitment to macroeconomic discipline are crucial determinants of the growth dividends of FDI. Our paper suggests that low-income countries can turn to domestic policy solutions to mitigate the adverse effects of a potential decline in FDI in the post-crisis world.
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| Other form: | Print version: FDI flows to low-income countries. [Washington, D.C.] : International Monetary Fund, ©2010
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