Table 1.

Relationship between Greenfield Investment and economic growth: Selected Empirical Evidences.

Country	Author(s)	Study Period	Major Findings
Vietnam	[48]	2003–2017	Positive impact of Greenfield investments on the economic growth of Vietnam
14 low-income countries	[45]	1998–2017	The results found Greenfield investment as beneficial for the economic growth of the selected low-income countries.
42 developing Asian countries	[41]	1990–2013	Positive impact of Greenfield investment on the economic growth of the selected countries.
127 countries	[42]	1990–2010	Stronger impact of Greenfield FDI on economic growth
11 Central and Eastern European Union (CEEU) countries	[47]	2003–2015	Unidirectional causality running from Greenfield investments to economic growth
20 emerging countries	[43]	2003–2014	Greenfield investment is positively related to the economic growth
12 new member states of the EU	[40]	1999–2010	Greenfield investment does not significantly affect the economic growth of the countries chosen for study
84 countries	[46]	1987–2001	Significant positive relationship between Greenfield investments and the economic growth
53 countries (29 developed and 24 developing)	[44]	1996–2006	Positive effects of Greenfield investments on the economic growth of the selected countries (both developed and developing)
72 countries (50 developing and 22 industrial countries)	[39]	1987–2001	Greenfield investment does not accelerate economic growth in either industrial or developing countries