4 documents found, page 1 of 1
The enhancing effect of human capital on the FDI and Economic Growth nexus
Varum, C. A.; Rocha, V.C.; Alves, G.; Piscitello, L.The importance of Human Capital accumulation in order to achieve greater economic growth is not neglected in economic theory. In this paper we look at the importance of human capital for enhancing the effect of another factor, inward foreign direct investment (FDI), that may affect growth. Governments in all continents now compete actively for FDI but not all countries reap the full benefits from it. Our study ...
Employment and SMEs during crises
Varum, C.A.; Rocha, V.C.The persistent increasing duration of unemployment has become an issue during economic crises. Although lay-offs at large firms normally make headlines during crises, we still know little about the potential impact of firm size on adjustment behavior in a crisis. We studied effects of firm size on employment growth during economic slowdowns using a rich microeconomic database for the 1988-2007 period in Portugu...
Revisiting the Foreign Direct Investment – Economic Growth Nexus: thresholds of...
Varum, C. A.; Rocha, V.C.; Alves, G.; Piscitello, L.This paper revisits the relationship between FDI and economic growth. While the relationship between FDI, growth and the role of the moderating variable ‘absorptive capacity’ has been intensely debated, the identification of the minimum thresholds of absorptive capacity for a positive effect from FDI to arise remains largely unexplored. For this reason, two threshold variables - host country’s human capital lev...
Foreign subsidiaries performance and dynamics: a comparative analysis with dome...
Varum, C. A.; Rocha, V.C.In this study we conduct a dynamic and comparative analysis showing evolutional differences between foreign and domestic firms, a topic particularly important when foreign direct investment has become more important to economic growth. In this study, we discuss the Portuguese experience and the comparative evolution of foreign subsidiaries and domestic firms during the period 1985-2005. We look in particular at...