Foreign Direct Investment

Dear Colleagues,

The focus of this Special Issue will be on original empirical research addressing the relationship between foreign direct investment (FDI) inflows and a host country’s exports. Although there is extensive literature on the subject, as evidenced by Kastratović (2020) in his recent meta-analysis, the effects of foreign direct investment on host country exports remain ambiguous, which justifies further investigation and thus this topic being the focus of this Special Issue. Kastratović (2020)’s main conclusion was that the mixed results found in empirical studies can be explained by specific characteristics of the research carried out, such as the country, industry, period studied, or even by the model’s specification. In this way, following Kastratović (2020)’s suggestions, this Special Issue will consider papers relying on time series or panel data, which focus on individual countries (such as Russia, India, and Brazil, which, according to UNCTAD (2020), were among the top 20 host economies in 2019) or on a relatively homogeneous sample of countries, i.e., with similar economic and political characteristics (such as Latin America or Transition Economies which saw an increase in FDI inflows in 2019 (UNCTAD, 2020)). Firm‐level studies and studies focusing on individual sectors, notably the primary sector and services, are also welcome, particularly in the countries mentioned above. Moreover, since FDI can have direct and indirect effects on host country exports (Görg, H., & Greenaway, 2004), studies that address this issue (by differentiating between direct and indirect effects of FDI) are particularly encouraged.

References

Görg, H., & Greenaway, D. (2004). Much ado about nothing? Do domestic firms really benefit from foreign direct investment?. World Bank Research Observer, Vol. 19, Issue 2, pp. 171-198

Kastratović, R. (2020), The impact of foreign direct investment on host country exports: A meta‐analysis, The World Economy, article in press, doi.org/10.1111/twec.13011

UNCTAD (2020), World Investment Report 2020: International Production Behond the Pandemic, New York: United Nations Publications.

Dr. Rosa Forte
Guest Editor

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• FDI
• Exports
• FDI spillovers
• Absorptive capacity