FDI Versus R&D in an Endogenous Growth Model

IF 0.9 4区经济学 Q3 ECONOMICS

Journal of Public Economic Theory Pub Date : 2026-07-09 DOI:10.1111/jpet.70126

Thanh Tam Nguyen-Huu, Ngoc-Sang Pham

引用次数: 0

Abstract

We investigate the role of foreign direct investment (FDI) and research and development (R&D) in the transitional dynamics of host countries using an optimal growth model. FDI may benefit the host country's GNP by enabling multinational enterprises to hire local workers. However, if the host country focuses solely on FDI, it may fall into a middle-income trap. Most importantly, we show that if the host country invests in R&D, its economy can reach sustained growth. In this case, FDI benefits the host country, but only in the early stages of its development process.

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FDI与R&D的内生增长模型

我们使用最优增长模型研究了外国直接投资（FDI）和研发（R&；D）在东道国转型动态中的作用。外国直接投资可以使跨国企业雇用当地工人，从而使东道国的国民生产总值受益。然而，如果东道国只关注外国直接投资，它可能会陷入中等收入陷阱。最重要的是，我们表明，如果东道国投资研发，其经济可以实现持续增长。在这种情况下，外国直接投资对东道国有利，但只是在其发展进程的早期阶段。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Public Economic Theory ECONOMICS-

自引率

36.40%

发文量

期刊介绍： As the official journal of the Association of Public Economic Theory, Journal of Public Economic Theory (JPET) is dedicated to stimulating research in the rapidly growing field of public economics. Submissions are judged on the basis of their creativity and rigor, and the Journal imposes neither upper nor lower boundary on the complexity of the techniques employed. This journal focuses on such topics as public goods, local public goods, club economies, externalities, taxation, growth, public choice, social and public decision making, voting, market failure, regulation, project evaluation, equity, and political systems.