REPOZYTORIUM UNIWERSYTETU
W BIAŁYMSTOKU
UwB

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Tytuł: The Role of Foreign Direct Investment in Economic Growth. The Production Function Perspective
Autorzy: Napiórkowski, Tomasz M.
Słowa kluczowe: economic growth
foreign direct investment
absorption path
Data wydania: 2017
Data dodania: 29-mar-2018
Wydawca: Wydawnictwo Uniwersytetu w Białymstoku
Źródło: Optimum. Studia Ekonomiczne, Nr 5(89) 2017, s. 221-236
Abstrakt: Throughout the studies on the impact of foreign direct investment (FDI) on the economic growth of the host economy, there is a significant heterogeneity in terms of the results; not only between the theory and empirics, but also within empirics itself. The aim of this study is to explain the heterogeneity of results of the previous studies on the benefits of hosting FDI. This work uses the topic-relevant literature to present the key benefits of inward FDI, which are then translated into a mathematical model, which the direct and indirect benefits are derived from and differentiated between. Firstly, this work develops a production function including the key direct and indirect effects of hosting FDI in order to (through the proof of endogenization of FDI) show that a simple inclusion of FDI as the next (usually along with capital and labor) factor of growth may lead to spurious and, therefore, inconsistent results. Secondly, the study introduces the Foreign Direct Investment Benefits Absorption Path, which due to its classification of host economies into four distinctive groups, differentiating between direct and indirect benefits of FDI, and showing their different ways of impacting the host’s economy provides a unique insight into the topic of heterogeneity of results on the impact of hosting FDI. It also provides a blueprint for further research into this topic. Lastly, the Foreign Direct Investment Benefits Absorption Path is used to develop FDI-related strategies aimed at increasing the economic growth of host countries.
Afiliacja: Instytute of International Economics, Warsaw School of Economics
E-mail: tnapio@sgh.waw.pl
Sponsorzy: This publication is a result of statutory research of the Collegium of the World Economy at the Warsaw School of Economics, financed with funds from Ministerstwo Nauki i Szkolnictwa Wyższego.
URI: http://hdl.handle.net/11320/6428
DOI: 10.15290/ose.2017.05.89.16
ISSN: 1506-7637
Typ Dokumentu: Article
Występuje w kolekcji(ach):Optimum. Studia Ekonomiczne, 2017, nr 5(89)

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