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|c 5.00 USD
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|z 9781451859485
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|a 1018-5941
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|a Sayek, Selin.
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|a FDI Spillovers, Financial Markets, and Economic Development /
|c Selin Sayek, Laura Alfaro, Areendam Chanda, Sebnem Kalemli-Ozcan.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2003.
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|a 1 online resource (32 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of ability. Agents can either work for the foreign company or undertake entrepreneurial activities, which are subject to a fixed cost. Better financial markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in contributing to development.
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|a Mode of access: Internet
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|a Alfaro, Laura.
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|a Chanda, Areendam.
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|a Kalemli-Ozcan, Sebnem.
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|a IMF Working Papers; Working Paper ;
|v No. 2003/186
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2003/186/001.2003.issue-186-en.xml
|z IMF e-Library
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