Foreign direct investment and welfare

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/L.3800
cepal.divisionEngProduction, Productivity and Management Division
cepal.divisionSpaDivisión de Desarrollo Productivo y Empresarial
cepal.docTypeSeries
cepal.idSade52551
cepal.jobNumberlcl3800
cepal.physicalDescriptiongráficos, tablas
cepal.regionalOfficeSantiago
cepal.topicEngFOREIGN DIRECT INVESTMENT
cepal.topicSpaINVERSIÓN EXTRANJERA DIRECTA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngPRODUCTION, PRODUCTIVITY AND MANAGEMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaDESARROLLO PRODUCTIVO Y EMPRESARIAL
dc.contributor.authorDe Groot, Olaf
dc.date.accessioned2014-10-20T15:18:04Z
dc.date.available2014-10-20T15:18:04Z
dc.date.issued2014-03
dc.descriptionIncludes bibliography.
dc.description.abstractThis paper addresses the question of how Foreign Direct Investment (FDI) affects different measures of economic welfare. It fits in an existing stream of research looking at the relationship between FDI and economic growth, but it introduces two variations. First, we explore what the differences are between Fixed Effects (FE) panel data estimations and Generalized Method of Moments (GMM) estimations. Second, we explore different aspects of economic welfare, and thus go beyond the simple measure of GDP growth. The other variables we consider are household consumption, inequality and the Human Development Index (HDI). The conclusions are striking. For GDP and household consumption growth, FDI does not have any significant impact. In all different types of estimations and despite different control variables, FDI continues not to have any impact whatsoever. On inequality, on the other hand, we find that there is a significant positive impact of FDI. This confirms some of the literature that argues that any benefits of FDI are not equally distributed, but rather are obtained by the relatively well-off. On HDI, FDI has a consistent and significant negative effect. While the channel for this is not immediately clear, we theorize that this is potentially the result of policy choices made by governments.
dc.formatTexto
dc.format.extent35 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/L.3800
dc.identifier.urihttps://hdl.handle.net/11362/37137
dc.language.isoeng
dc.physicalDescription35 p.; grafs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Desarrollo Productivo
dc.relation.isPartOfSeriesNo196
dc.rights.coarDisponible
dc.subject.unbisEngFOREIGN DIRECT INVESTMENT
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngECONOMIC DEVELOPMENT
dc.subject.unbisEngSOCIAL WELFARE
dc.subject.unbisEngINCOME DISTRIBUTION
dc.subject.unbisEngGROSS DOMESTIC PRODUCT
dc.subject.unbisSpaINVERSION EXTRANJERA DIRECTA
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaDESARROLLO ECONOMICO
dc.subject.unbisSpaBIENESTAR SOCIAL
dc.subject.unbisSpaDISTRIBUCION DEL INGRESO
dc.subject.unbisSpaPRODUCTO INTERNO BRUTO
dc.titleForeign direct investment and welfare
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublication3e42652b-fd22-4f55-a75a-40e7f6ddc96a
relation.isAuthorOfPublication.latestForDiscovery3e42652b-fd22-4f55-a75a-40e7f6ddc96a
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