Foreign direct investment and welfare

Includes bibliography.

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Autor principal: De Groot, Olaf
Formato: Texto
Lenguaje:English
Publicado: ECLAC 2014
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Acceso en línea:http://hdl.handle.net/11362/37137
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spelling 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
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