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FDI Flows to Low-Income Countries
International Monetary Fund
其他書名
Global Drivers and Growth Implications
出版
International Monetary Fund
, 2010-06-01
主題
Business & Economics / Exports & Imports
Business & Economics / Finance / General
Business & Economics / Banks & Banking
ISBN
1455201154
9781455201150
URL
http://books.google.com.hk/books?id=F5QYEAAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large sample of middle and low-income countries. Two key results emerge: (i) lower borrowing costs and positive real-side external factors were increasingly important drivers of FDI outflows to low-income countries in the pre-crisis period; (ii) economic fundamentals, the strength of economic reforms, and commitment to macroeconomic discipline are crucial determinants of the growth dividends of FDI. Our paper suggests that low-income countries can turn to domestic policy solutions to mitigate the adverse effects of a potential decline in FDI in the post-crisis world.