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• W2901837125 abstract "This paper examines the effect of giant oil and gas discoveries on foreign direct investment in developing economies. Across countries, we document a 58% increase in non-resource extraction FDI in the 2 years following a giant discovery, an event which is unpredictable due to the uncertainty of exploration. This effect is driven by a 30% increase in the number of projects and a 16% increase in targeted sectors. Mozambique's recent FDI boom provides a telling confirmation of this mechanism. Using project-level FDI data combined with multiple waves of household surveys and rm censuses we estimate that each FDI job results in 6.2 additional local jobs, linking the gas-driven FDI bonanza in Mozambique to widespread job creation." @default.
• W2901837125 created "2018-11-29" @default.
• W2901837125 creator A5085990556 @default.
• W2901837125 date "2017-01-01" @default.
• W2901837125 modified "2023-09-27" @default.
• W2901837125 title "Resource discoveries and FDI bonanzas: An illustration from Mozambique" @default.
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• W2901837125 hasPublicationYear "2017" @default.
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