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The result of the whole period (1970-2006) is not consistent with the Bhagwati hypothesis. However, the result of the pre-crisis model (1970-1996) is consistent with the Bhagwati hypothesis, that is, other things being equal, the growth impact of FDI tends to be greater under an export promotion (EP) trade regime compared to an import-substitution (IS) regime.
I. INTRODUCTION
The role of foreign direct investment (FDI) has been widely recognized as a growth-enhancing factor in developing countries. In a closed economy, with no access to foreign saving, investment is financed both through domestic savings...
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Common topics in this essay:
- “Foreign Trade Balance”
- China's Economic Growth Due To Recent Foreign Policies
- Direct Foreign Investment
- FOREIGN DIRECT INVESTMENT IN MEXICO (FDI)
- Foreign trade
- foreign direct investment
- THE ROLE OF FOREIGN CAPITAL AND AID IN ECONOMIC DEVELOPMENT
- The Major Challenges Of The Canadian Federal Government: The National Debt And, Trade / Economic Growth
- Vietnam'S Foreign Trade Development Issues:
- What is Foreign Direct Investment (FDI)?
- FOREIGN TRADE POLICY AND THE IMPACT ON AGGREGATE EXPENDITURES AND EQUILIBRIUM
- Foreign Direct Investment
- Foreign Direct Investment And Foreign Trade Regimes
- Economic Factors have been of dominant concern in Australian Foreign Policy decisions over the past 25 years
- Foreign Economic policy of Barack Obama
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