Foreign direct investment and welfare
Includes bibliography.
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| Lenguaje: | English |
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ECLAC
2014
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| Acceso en línea: | http://hdl.handle.net/11362/37137 |
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oai-11362-371372020-03-06T16:50:27Z Foreign direct investment and welfare De Groot, Olaf INVERSION EXTRANJERA DIRECTA CONDICIONES ECONOMICAS DESARROLLO ECONOMICO BIENESTAR SOCIAL DISTRIBUCION DEL INGRESO PRODUCTO INTERNO BRUTO FOREIGN DIRECT INVESTMENT ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT SOCIAL WELFARE INCOME DISTRIBUTION GROSS DOMESTIC PRODUCT Includes bibliography. This paper addresses the question of how Foreign Direct Investment (FDI) affects different measures of economic welfare. It fits in an existing stream of research looking at the relationship between FDI and economic growth, but it introduces two variations. First, we explore what the differences are between Fixed Effects (FE) panel data estimations and Generalized Method of Moments (GMM) estimations. Second, we explore different aspects of economic welfare, and thus go beyond the simple measure of GDP growth. The other variables we consider are household consumption, inequality and the Human Development Index (HDI). The conclusions are striking. For GDP and household consumption growth, FDI does not have any significant impact. In all different types of estimations and despite different control variables, FDI continues not to have any impact whatsoever. On inequality, on the other hand, we find that there is a significant positive impact of FDI. This confirms some of the literature that argues that any benefits of FDI are not equally distributed, but rather are obtained by the relatively well-off. On HDI, FDI has a consistent and significant negative effect. While the channel for this is not immediately clear, we theorize that this is potentially the result of policy choices made by governments. 2014-10-20T15:18:04Z 2014-10-20T15:18:04Z 2014-03 Texto Documento Completo http://hdl.handle.net/11362/37137 LC/L.3800 en Serie Desarrollo Productivo 196 .pdf application/pdf ECLAC |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
INVERSION EXTRANJERA DIRECTA CONDICIONES ECONOMICAS DESARROLLO ECONOMICO BIENESTAR SOCIAL DISTRIBUCION DEL INGRESO PRODUCTO INTERNO BRUTO FOREIGN DIRECT INVESTMENT ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT SOCIAL WELFARE INCOME DISTRIBUTION GROSS DOMESTIC PRODUCT |
| spellingShingle |
INVERSION EXTRANJERA DIRECTA CONDICIONES ECONOMICAS DESARROLLO ECONOMICO BIENESTAR SOCIAL DISTRIBUCION DEL INGRESO PRODUCTO INTERNO BRUTO FOREIGN DIRECT INVESTMENT ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT SOCIAL WELFARE INCOME DISTRIBUTION GROSS DOMESTIC PRODUCT De Groot, Olaf Foreign direct investment and welfare |
| description |
Includes bibliography. |
| format |
Texto |
| author |
De Groot, Olaf |
| author_facet |
De Groot, Olaf |
| author_sort |
De Groot, Olaf |
| title |
Foreign direct investment and welfare |
| title_short |
Foreign direct investment and welfare |
| title_full |
Foreign direct investment and welfare |
| title_fullStr |
Foreign direct investment and welfare |
| title_full_unstemmed |
Foreign direct investment and welfare |
| title_sort |
foreign direct investment and welfare |
| publisher |
ECLAC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/37137 |
| work_keys_str_mv |
AT degrootolaf foreigndirectinvestmentandwelfare |
| _version_ |
1718436707952492544 |