Modernisation industrielle capital étranger et croissance

Jellal, Mohamed (2014): Modernisation industrielle capital étranger et croissance.

Abstract

This paper aims to model theoretically the fundamental links between financial development, foreign direct investment and economic development. In particular, we show that the entry of foreign capital flows can support an endogenous economic growth path of the host country. Indeed, we give the micro-foundations of the simple model of endogenous growth of Pagano (1993), which allowed us to analyze the impact of a constellation of key elements for economic growth. Among these elements, we identified the importance of the size of the financial sector, modernization and quality of education, diaspora network, quality of institutions and economic diplomacy in stimulating economic growth. Our main theoretical predictions are of great importance for the Arab countries that are currently undergoing political and economic transition

• Item Type: MPRA Paper
• English Title: Industrial modernization foreign capital and economic growth
• Language: French
• Keywords: Financial Development, Foreign Capital, Diaspora, Institution, Quality of Education, Economic Diplomacy, Industrialization, Endogenous Growth, Mena.
• Subjects: F - International Economics > F1 - Trade; F - International Economics > F2 - International Factor Movements and International Business; F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment ; Long-Term Capital Movements; F - International Economics > F2 - International Factor Movements and International Business > F22 - International Migration; F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms ; International Business; F - International Economics > F2 - International Factor Movements and International Business > F24 - Remittances; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O43 - Institutions and Growth

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