Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

The Effects of Foreign Investment on Overall and Sectoral Growth in Third World States

John M. Rothgeb, Jr.
Journal of Peace Research
Vol. 21, No. 1 (Apr., 1984), pp. 5-15
Published by: Sage Publications, Ltd.
Stable URL: http://www.jstor.org/stable/424449
Page Count: 11
  • Read Online (Free)
  • Download ($40.00)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
The Effects of Foreign Investment on Overall and Sectoral Growth in Third World States
Preview not available

Abstract

This research examines the impact of flows and stocks of foreign investment on growth in Third World countries. Overall growth in GDP per capita and in agriculture, manufacturing, transportation and communications, and domestic trade are investigated. In addition to foreign investment, variables relating to domestic investment, population, and wealth are included in the analysis. The results indicate that stocks of foreign investment have a negative long-term effect on overall growth, while flows have a short-run positive effect. The variable with the single greatest impact on overall growth, however, is growth in domestic investment. The sectoral results indicate that foreign investment is positively related to growth in all sectors. The pattern of the findings, however, suggests that foreign investment has an initial disruptive effect on the economies of non-American underdeveloped states.

Page Thumbnails

  • Thumbnail: Page 
[5]
    [5]
  • Thumbnail: Page 
6
    6
  • Thumbnail: Page 
7
    7
  • Thumbnail: Page 
8
    8
  • Thumbnail: Page 
9
    9
  • Thumbnail: Page 
10
    10
  • Thumbnail: Page 
11
    11
  • Thumbnail: Page 
12
    12
  • Thumbnail: Page 
13
    13
  • Thumbnail: Page 
14
    14
  • Thumbnail: Page 
15
    15