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The economic growth effects of foreign direct investment in developing countries, 1980–2019

Bibliographic Data

ID9951430
AuthorsSteven A Mejia (0000-0001-8929-5404, Wilson-Short Hall, Washington State University, Pullman, Washington, USA, corresponding author)
Year2023
Volume53
Issue4
Pages239-260
Publication date2023-06-22
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueInternational Journal of Sociology (JOURNAL)
Journal identifiersISSN: 0020-7659 • E-ISSN: 1557-9336
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/00207659.2023.2226484
OpenAlexW4381857127
LanguageEN
Citations received3
References cited76

The foreign investment and economic growth relationship in developing countries have attracted considerable attention in comparative international sociology. However, despite nearly fifty years of research, this relationship is still not well understood. I bring new cross-national evidence to bear upon this issue with analyses that improve upon previous research on the foreign direct investment and economic growth nexus in developing countries. I analyze cross-national longitudinal data using panel regression models with fixed effects and instrumental variables to account for possible endogeneity. Foreign capital penetration appears to be positively associated with economic growth in developing countries, which supports the expectations of neoclassical economic theory. Rather than critiquing any particular theoretical paradigm, this research hopefully serves to help reinvigorate scholarly discussion amongst comparative international social scientists regarding the economic growth effects of foreign direct investment in developing countries

Developing country · Development economics · Econometrics · Economic growth · Economics · Endogeneity · Foreign direct investment · Instrumental variable · International economics · Investment (military · Macroeconomics · Nexus (standard · Panel data · Political science · Politics · Global trade and economics · International Business and FDI · International Development and Aid

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Unique citing works3
Citations per year1
Citation span2023 - 2025 (3)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 3

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