Please use this identifier to cite or link to this item:
|Title:||Foreign capital, urban unemployment, and economic growth|
|Citation:||Fung, M.K.-Y., Zeng, J., Zhu, L. (1999-11). Foreign capital, urban unemployment, and economic growth. Review of International Economics 7 (4) : 651-664. ScholarBank@NUS Repository.|
|Abstract:||A three-sector endogenous growth model, is used to study the effects of foreign direct investment (FDI) on the dynamics of urban unemployment, labour income, and capital income as well as national welfare in a Harris-Todaro economy. It is shown that more FDI can affect the economy's dynamics and national welfare positively or negatively. The paper derives conditions as to how the growth rate and welfare effects of FDI relate to the intersectoral mobility of capital, the destination of FDI, the elasticities of substitution, and the factor intensities of the final good production.|
|Source Title:||Review of International Economics|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Nov 1, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.