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1. 1. FDI and Economic Growth : An Empirical Study of Lower-middle Income Economies

   University essay from Högskolan i Jönköping/Internationella Handelshögskolan

   Author : Qui Ngo Ngoc; [2019]
   Keywords : Foreign direct investment; FDI; Economic Growth; Lower-middle income economies; Education; Neoclassical growth theory; Endogenous growth theory;

   Abstract : Within a panel data context with fixed effects method, using data on a sample of 40 lower- middle income economies, this paper investigates whether and to what extent FDI stimulates economic growth over the period 2007-2017. The main finding of this paper highlights the complementary effects between FDI and education, suggesting that a certain level of education must be reached in order for FDI to contribute positively on economic growth. READ MORE