FDI & New Business Startups: Does Financial Development Matter?
Research Article
The present paper intends to investigate the relationship of foreign direct investment and new business startups in the presence of financial development in EAGLE countries, an annual unbalanced data during the period from 2006 to 2016 is used. We apply system GMM approach to estimate the models. Findings suggest that foreign direct inflows boost new business start-ups in emerging countries. [...]