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Parsley, D.C. and Wei, S. (2001) Limiting Currency Volatility to Stimulate Goods Markets Integration: A Price Based Approach. NBER Working Paper No. 8468, National Bureau of Economic Research.

has been cited by the following article:

• TITLE: Spatial Distribution of Foreign Direct Investment and Productivity Growth in Less Developed Regions of China

  AUTHORS: Yanqing Jiang

  KEYWORDS: Foreign Direct Investment, Productivity, Convergence, Spillover Effect

  JOURNAL NAME: American Journal of Industrial and Business Management, Vol.4 No.11, November 20, 2014

  ABSTRACT: This study examines how the spatial distribution of foreign direct investment (FDI) affects productivity growth in less developed regions of China. A systematic theoretical framework is set up concerning the potential effects of FDI capital via different channels. Following the theoretical framework, this study presents empirical evidence showing that FDI spillovers from the developed regions play a crucial role in enhancing productivity growth in the less developed regions. Empirical results also show that local FDI spillovers in less developed regions promote local productivity growth. In addition, FDI spillovers from less developed regions are not shown to have a significant effect on productivity growth in other less developed regions.