Herzer, Dierk; Klasen, Stephan; Felicitas Nowak-Lehmann D. - Ibero-Amerika Institut für Wirtschaftsforschung (IAI), … - 2006
developing countries using cointegration techniques on a country-by-country basis. The paper finds that in the vast majority of … market development in developing countries. …This paper challenges the widespread belief that FDI generally has a positive impact on economic growth in developing …