The Long - Term Effects of Foreign Investment Dependence on Economic Growth, 1940-1990  

Oleh:

Kentor, Jeffrey

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: AJS: American Journal of Sociology vol. 103 no. 04 (Jan. 1998), page 1024-1046.
Topik: Investments; economic growth; income

Ketersediaan

Perpustakaan PKPM Nomor Panggil: A13 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Does dependence of a national economy on foreign investment promote economic growth or underdevelopment? The recent exchanges between Glenn Firebaugh and William J. Dixon and Terry Boswell suggest the contentious nature of this debate. This study analyzes models similar to those tested in previous research but with data from earlier time points to examine the long-term effects of foreign capital penetration. Accumulated stocks of foreign capital/GDP in 1938 have a short-term (five-year) positive effect on economic growth followed by a 2O-year lagged negative effect on economic growth beginning in 1960 and lasting at least 30 years. Similar effects are found using a second indicator of foreign investment dependence, debits on investment income, for the 1950-90 period.

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