A Cross-National Study of the Effects of Direct Foreign Investment on the Developmental Process of Developing Countries
Description:
Using the assumptions of various schools of thought on development as the theoretical framework, an attempt is made to examine the effects of foreign investment on the socioeconomic growth of 50 developing countries by means of multiple regression models that utilize some external and internal variables assumed to affect the growth rate of GNP. Results from these models indicate that new inflows of foreign investments and amounts of domestic investments are positively related to growth while ac…
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Date:
December 1992
Creator:
Inyang, Ambrose