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The impact of foreign direct investment on host country exports: A meta‐analysis

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  • Radovan Kastratović
Abstract
In this paper, we present a synthesis of the literature examining the impact of foreign direct investment on host country exports. We reviewed and summarised 37 theoretical papers, 27 micro‐level empirical studies and analysed 627 specifications from 117 macro‐level empirical studies. In exploring the reasons behind the variations of the reported effects in the empirical literature, we applied meta‐regression methodology. Our results indicate that the existing empirical literature generally reports a positive impact of foreign direct investment on exports, especially in developing countries. The reported effects are sensitive to research design, model specification and the context of the research. No publication bias was detected in the sampled studies. Based on our results, we provide some avenues and guidelines for future research on this topic. Our results could also have some important implications for policymakers.

Suggested Citation

  • Radovan Kastratović, 2020. "The impact of foreign direct investment on host country exports: A meta‐analysis," The World Economy, Wiley Blackwell, vol. 43(12), pages 3142-3183, December.
    • Handle: RePEc:bla:worlde:v:43:y:2020:i:12:p:3142-3183
    DOI: 10.1111/twec.13011
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