Resource Discoveries, FDI Bonanzas, and Local Multipliers: Evidence from Mozambique
研究发现大型油气发现会引发外国直接投资热潮,在莫桑比克每新增一个FDI岗位可带动当地增加4.4个就业岗位,其中2.1个为正规就业。
Abstract We show that giant and unpredictable oil and gas discoveries trigger FDI bonanzas. Across developing countries, we document a 56% increase in FDI in the two years following a giant discovery. These booms are driven by new projects in sectors such as manufacturing, retail, services, and construction. To assess the job creation effects of one such FDI bonanza in Mozambique, we combine concurrent waves of household surveys and firm censuses and estimate the local job multiplier of FDI. Our estimates suggest that for each new FDI job, an additional 4.4 jobs are created locally, 2.1 of which are formal jobs.