“…In this context, some scholars have focused on the FDI-growth nexus and discovered that FDI inflows made a positive contribution to the economic growth (e.g., see Borensztein et al, 1998;Li & Liu, 2005;Pegkas, 2015;Iamsiraroj & Ulubaşoğlu, 2015;Iamsiraroj, 2016). However, few scholars have investigated the interaction among greenfield and brownfield investments and economic growth and revealed different findings (e.g., see Calderon et al, 2004;Wang & Wong, 2009;Neto et al, 2010;Harms & Meon, 2014;Eren & Zhuang, 2015;Zvezdanović-Lobanova et al, 2016).…”