The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Foreign direct investment, financial development and economic growth
Open accessAbstract
This article argues that the development of the financial system of the recipient country is an important precondition for FDI to have a positive impact on economic growth. A more developed financial system positively contributes to the process of technological diffusion associated with FDI. The article empirically investigates the role the development of the financial system plays in enhancing the positive relationship between FDI and economic growth. The empirical investigation presented in the article strongly suggests that this is the case. Of the 67 countries in data set, 37 have a sufficiently developed financial system in order to let FDI contribute positively to economic growth. Most of these countries are in Latin America and Asia.
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Citations
Cites
Stock Markets, Growth, and Tax Policy
LEVINE, R. (1991) · The Journal of Finance · doi:10.2307/2328866 · Cited by 1,111
Cited by
Choong, C.-K., Baharumshah, A. Z., Yusop, Z., & Habibullah, M. S. (2010) · Japan and the World Economy · doi:10.1016/j.japwor.2009.07.001 · Cited by 182
Faisal, F., Azizullah, Tursoy, T., & Pervaiz, R. (2020) · Environmental Science and Pollution Research · doi:10.1007/s11356-019-07582-w · Cited by 149
Hao, Y., Wang, L.-O., & Lee, C.-C. (2020) · International Review of Economics & Finance · doi:10.1016/j.iref.2018.12.006 · Cited by 134
(2011) · RePEc: Research Papers in Economics · Cited by 69
Metadata
- Authors
- Hermes, N., & Lensink, R.
- Venue
- Journal of Development Studies
- Publisher
- Informa UK Limited
- Published
- 2003-10
- Volume
- 40
- Issue
- 1
- Pages
- 142-163
- ISSN
- 0022-0388 (ISSN-L)
- 1743-9140
- OpenAlex
- W2155415075
- Cited by
- 1,248
- References
- 1
- FWCI
- 35.94
- Type
- journal article
- Language
- en
- Open access
- green
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- CoChat. (2026). Citation check: Foreign direct investment, financial development and economic growth. https://app.cochat.ai/papers/10.1080/00220380412331293707
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- Hermes, N., & Lensink, R. (2003). Foreign direct investment, financial development and economic growth. Journal of Development Studies. https://doi.org/10.1080/00220380412331293707
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
