Journal Article
Catching up of Emerging Economies: The Role of Capital Goods Imports, FDI Inflows, Domestic Investment and Absorptive Capacity
We show that the impact of capital goods imports and FDI inflows on economic convergence depends on the local capacity of emerging economies to absorb superior technologies.
Key Words
- absorptive capacity
- ausländische Direktinvestitionen
- BRICs
- foreign direct investment
- imports
- total factor productivity