Full Description
This book provides a comprehensive understanding of the relationship between Foreign Direct Investment (FDI) and economic growth, with special attention to the countries of Central and Eastern Europe. Within a new semi-endogenous growth model, the book illustrates the impact of FDI on economic growth for every stage of development of a country. The book analyzes the growth enhancing effect of FDI, and explains the actual growth contributions induced by FDI.
Contents
Solow Growth Accounting and Stylised Facts.- Capital Deepening through FDI in an Economic Growth Model.- Estimating the Effect of FDI on Economic Growth for 13 Countries of Central and Eastern Europe.- The Determinants of FDI - What Can the Transition Countries Do to Attract FDI?.- Conclusion.



