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Abstract

Foreign direct investment Total factor productivity Human capital Institutional quality Developing countries GMM estimation. Foreign direct investment (FDI) has originally been regarded as the navigating force of economic activities and economic growth (EG) worldwide, especially in developing countries. The influence of FDI growth on EG involves the absorptive capacities of developing nations. The benefits of FDI can be maximized by enhanced technology transfers and productivity spillover. In this context, the motivation to conduct the current study was to investigate the impact of FDI on the TFP of developing countries, along with the control variables of human capital (HC) and the political institutional (PI) index. As the current study has been conducted in the context of developing countries, the researcher has collected data from world developing indicator (WDI) including Cambodia,

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