FDI Spillovers, Financial Markets, and Economic Development

FDI Spillovers, Financial Markets, and Economic Development
This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of ability. Agents can either work for the foreign company or undertake entrepreneurial activities, which are subject to a fixed cost.... READ MORE...

Publication date: September 2003
ISBN 9781451859485
$15.00

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