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arXiv · 1904.04911

FDI, banking crisis and growth: direct and spill over effects

Brahim Gaies·Khaled Guesmi·Stéphane Goutte
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Abstract

This study suggests a new decomposition of the effect of Foreign Direct Investment (FDI) on long-term growth in developing countries. It reveals that FDI not only have a positive direct effect on growth, but also increase the latter by reducing the recessionary effect resulting from a banking crisis. Even more, they reduce its occurrence. JEL: F65, F36, G01, G15

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Brahim Gaies, Khaled Guesmi, Stéphane Goutte. 2019-04-08. FDI, banking crisis and growth: direct and spill over effects. https://arxiv.org/abs/1904.04911

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