Munich Personal RePEc Archive

FDI and economic growth: new evidence on the role of financial markets

Azman-Saini, W.N.W. and Law, Siong Hook and Ahmad, Abdul Halim (2009): FDI and economic growth: new evidence on the role of financial markets. Published in: Economics Letters , Vol. 107, : pp. 211-213.

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Abstract

This study uses a threshold regression model and finds new evidence that the positive impact of FDI on growth “kicks in” only after financial market development exceeds a threshold level. Until then, the benefit of FDI is non-existent.

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