Working Paper

Foreign Direct Investment and Economic Growth in Developing Countries: How Relevant Are Host-country and Industry Characteristics?


  • Nunnenkamp
  • P.
  • Spatz
  • J.
Publication Date

Conclusive evidence supporting the widely held view that developing countries should draw on foreign direct investment (FDI) to spur economic development is surprisingly hard to come by. We raise the proposition that results on the growth impact of FDI ar


JEL Classification

Key Words

  • economic growth effects
  • foreign direct investment stocks
  • host-country characteristics
  • industry characteristics
  • market-seeking and efficiency-seeking FDI
  • resource-seeking