文档介绍：原文
Analyses of FDI determinants in developing countries
determinants of FDI: theory and evidence
FDI has been regarded in the last decades as an effective channel to transfer technology and foster growth in developing countries. This point of view vividly contrasts with mon belief that was accepted in some academic and political spheres in the 1950s and 1960s, according to which FDI was harmful for theeconomic performance of less developed countries. The theoreticaldiscussion that permeated part of the development economics of thesecond half of the twentieth century has been approached from a newangle on the light of the New Growth Theory. Thus, the models builtin this novel framework provide an interesting background in orderto study the correlation between FDI and the growth rate of GDP(Calvo and Robles, 2003).
In the neoclassical growth model technological progress andlabor growth are exogenous, inward FDI merely increases theinvestment rate, leading to a transitional increase in per e growth but has no long-run growth effect (Hsiao and Hsiao, 2006). The new growth theory in the 1980s endogenizes technological progress and FDI has been considered to have permanent growth effect in the host country . through technology transfer and spillover. There is ongoingdiscussion on the impact of FDI on a host country economy, as canbe seen from recent surveys of the literature (De Mello, 1997, 1999; Fan, 2002; Lim,2001).
According to the neoclassical growth theory model, FDI does notaffect the long-term growth rate. This is understandable if weconsider the assumptions of the model, namely: constant economiesof scale, decreasing marginal products of inputs, positivesubstitution elasticity of inputs and petition (Sass, 2003). Within the framework of theneo-classical models (Solow, 1956),the impact of FDI on the growth rate of output was constrained bythe existence of diminishing returns in the physical , FDI could only exert a level effect on t