| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16774 |
| 来源ID | Working Paper 16774 |
| Transition to FDI Openness: Reconciling Theory and Evidence | |
| Ellen R. McGrattan | |
| 发表日期 | 2011-02-10 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | Empirical studies quantifying the economic effects of increased foreign direct investment (FDI) have not provided conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in domestic investment and employment. Also, growth measures miss some intangible FDI, which is expensed from company profits. The reconciliation of theory and evidence is accomplished with a multicountry dynamic general equilibrium model parameterized with data from a sample of 104 countries during 1980-2005. Although no systematic benefits of FDI openness are found, the model demonstrates that the eventual gains in growth and welfare can be huge, especially for small countries. |
| 主题 | Macroeconomics ; Consumption and Investment ; International Economics ; International Factor Mobility ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w16774 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574449 |
| 推荐引用方式 GB/T 7714 | Ellen R. McGrattan. Transition to FDI Openness: Reconciling Theory and Evidence. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16774.pdf（373KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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