Foreign direct investment, financial development and economic growth
研究发现，东道国金融系统的发展是外国直接投资对经济增长产生积极影响的重要前提，金融系统越发达，越能促进技术扩散。对67个国家的数据分析表明，其中37个国家（主要在拉丁美洲和亚洲）的金融系统足够发达，使外国直接投资能积极促进经济增长。
This article argues that the development of the financial system of the recipient country is an important precondition for FDI to have a positive impact on economic growth. A more developed financial system positively contributes to the process of technological diffusion associated with FDI. The article empirically investigates the role the development of the financial system plays in enhancing the positive relationship between FDI and economic growth. The empirical investigation presented in the article strongly suggests that this is the case. Of the 67 countries in data set, 37 have a sufficiently developed financial system in order to let FDI contribute positively to economic growth. Most of these countries are in Latin America and Asia.