期刊
INTERNATIONAL BUSINESS REVIEW
卷 17, 期 4, 页码 452-472出版社
ELSEVIER
DOI: 10.1016/j.ibusrev.2008.02.004
关键词
economic growth; horizontal/market seeking FDI; vertical/efficiency seeking FDI
类别
In this paper, we contribute to the literature investigating the impact of FDI on host country economic growth by distinguishing between the growth effects of horizontal (market seeking) FDI and vertical (efficiency seeking) FDL Using a new database, we estimate the growth effects of vertical and horizontal US MNE activity into 44 host countries over the period 1983-2003, also using traditional total FDI figures as a benchmark. Controlling for endogencity and absorptive capacity effects, we find that horizontal and vertical FDI have positive and significant growth effects in developed countries. Moreover, our results indicate a superior growth effect of horizontal FDI over vertical FDL In line with existing literature, we find no significant effects of horizontal or vertical FDI in developing countries. (c) 2008 Elsevier Ltd. All rights reserved.
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