DOES CAPITAL DRAIN REDUCE TOTAL FACTOR PRODUCTIVITY GROWTH IN DEVELOPING COUNTRIES?

Halit Yanikkaya, Abdullah Altun This study investigates the effects of foreign direct investment (FDI) and royalties and licence fees (RLF) on total factor productivity (TFP) growth of about 90 countries for the period 2003-2011 for both inward and outward variables. The estimates for the full sample indicate that while inward FDI stocks have no significant […]

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