Fiscal incentives and direct foreign investment in less developed countries
研究未发现欠发达国家政府认为的财政激励能吸引外国直接投资的证据，真正起作用的是自然资源和良好的经济表现。
This study found no support for the belief by the governments of most less developed countries (LDCs) that the provision of fiscal incentives is necessary to attract direct foreign investment and that the greater the generosity of these incentive programmes the greater would be the level of such investment. What mattered were the presence of natural resources and a proven record of economic performance. The provision of incentives could not compensate for the absence of either of these two factors. The study is a cross‐sectional one of 27 LDCs for the period 1965–73.