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Cited by 1,248

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 access
Hermes, Niels, Lensink, Robert·2003·Journal of Development Studies

Abstract

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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Crossref · 10.1080/00220380412331293707

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Metadata

Authors
Hermes, N., & Lensink, R.
Venue
Journal of Development Studies
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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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.