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INEQUALITY, FDI AND ECONOMIC DEVELOPMENT: EVIDENCE FROM DEVELOPING COUNTRIES

机译:不平等,外国直接投资与经济发展:来自发展中国家的证据

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This paper empirically investigates the impact of Foreign Direct Investment (FDI) on inequality using a panel data set of 65 developing counties. While the existing literature mainly examines the impact of FDI on growth, this study explores the importance of domestic conditions of the host countries in determining the distributional effects of FDI. The results show that the impact of FDI is not homogenous on host countries as FDI inflows exert inequality-narrowing effect only in countries that have stronger investment in human capital, better financial sector and a high level of economic development. While FDI accentuates not ameliorates inequality in countries with low level of economic development, findings of the study are robust to the use of different specifications, different estimation methods, inclusion of regional effects and time specific effects.
机译:本文使用由65个发展中县组成的面板数据集,实证研究了外国直接投资(FDI)对不平等的影响。尽管现有文献主要考察了外国直接投资对增长的影响,但本研究探讨了东道国国内条件在确定外国直接投资的分配影响方面的重要性。结果表明,外国直接投资对东道国的影响并不均一,因为外国直接投资流入仅在人力资本投资更大,金融部门更好,经济发展水平较高的国家才发挥缩小不平等的作用。在经济发展水平较低的国家,外国直接投资虽然没有得到改善,但并未消除这种不平等现象,但这项研究的结果对于使用不同的规格,不同的估算方法,纳入区域效应和特定时间效应是有力的。

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