The Impact of FDI on Economic Growth: An Analysis for the Transition Countries of Central and Eastern Europe
185 pages | Publisher: Physica-Verlag Heidelberg | September 25, 2006 | English | ISBN-10: 3790817341 | PDF | 2MB
This book provides a comprehensive understanding of the relationship between 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. Developing countries experience both strong capital accumulation and technology transfer through FDI, whereas highly developed countries mainly benefit from FDI as a vehicle of global technology diffusion. Departing from this universal model, the book then investigates the impact of FDI on economic growth for the transition countries of Central and Eastern Europe.