Foreign direct investment, financial development and economic growth

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 art...

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Bibliographic Details
Published in:The Journal of development studies 2003-10, Vol.40 (1), p.142-163
Main Authors: Hermes, Niels, Lensink, Robert
Format: Article
Language:English
Subjects:
Capital market
Developing countries
Development studies
Diffusion
Economic development
Economic growth
Finance
Financial systems
Foreign direct investment
Foreign investment
International finance
Investment
Technology transfer
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