Ayhan Kose, M., Prasad, E.S. and Terrones, M.E. (2009) Does Openness to International Financial Flows Raise Productivity Growth? Journal of International Money and Finance, 28, 554-580.
https://doi.org/10.1016/j.jimonfin.2009.01.005

has been cited by the following article:

• TITLE: Foreign Direct Investment and Total Factor Productivity: Is There Any Resource Curse?

  AUTHORS: Patrice Rélouendé Zidouemba, Koffi Elitcha

  KEYWORDS: Foreign Direct Investment, Total Factor Productivity, Resource Curse, Developing Countries, Cross-Sectional Analysis

  JOURNAL NAME: Modern Economy, Vol.9 No.3, March 26, 2018

  ABSTRACT: We examine the effects of an important technology diffusion channel—foreign direct investment (FDI)—on the growth of total factor productivity (TFP) and the role played by natural resources in this relationship. Based on cross-sectional data from 71 developing countries, we found that the net effect of FDI on TFP growth decreases with rents provided by natural resources. This result highlights the phenomenon of the natural resource curse applied to foreign direct investment and the non-linearity of the effect of FDI on the TFP growth.