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Abstract

We examine the impact of foreign direct investment (FDI) and the mediating effects of country national governance on the welfare and knowledge infrastructure of host countries. Based on a five-year anchored panel data of 175 countries producing over 9,000 observations, we find that in general FDI has a positive influence on both host country welfare and knowledge infrastructure and the national governance positively mediates these relationships.1 © 2013 Wiley Periodicals, Inc.