Date of Award

Spring 3-2022

Degree Type


Degree Name

Doctor of Philosophy (PhD)


Coastal Resilience

Committee Chair

Dr. Edward Sayre

Committee Chair School

Social Science and Global Studies

Committee Member 2

Dr.Joseph Saint Marie

Committee Member 2 School

Coastal Resilience

Committee Member 3

Dr.Robert Pauly

Committee Member 3 School

Coastal Resilience

Committee Member 4

Dr.Tom Lansford

Committee Member 4 School

Coastal Resilience


This dissertation contributes to the debate on economic development in developing countries through the analyses of four related strands of literature – the FDI and growth literature, the literature on finance and development, the DFI and growth literature, aid, institutions and economic development. The present research seeks to contribute to the debate on the effect of DFIs on FDI and consequently on economic development in developing economies to bridge the existing funding gap and thus ensure these economies achieve the global shared vision of sustainable development of the United Nations 2030 agenda. We acknowledge that development is triggered by economic growth and growth is most effectively generated by investment. Thus, FDI is an important source of financing for developing countries given its potential to boost economic growth through spillovers in technology and productivity. We also acknowledge that FDI in developing countries lags due to several issues including weak institutions. In this sense, DFIs are key in helping developing countries attract more FDI through the private sector to invest in infrastructure and agricultural projects, aiming at achieving sustainability. However, we don’t know how DFIs impact FDI in developing countries and the role of institutions in the overall economic development panorama. This dissertation adds to the literature by providing quantitative evidence that FDI increase economic growth in developing countries and quantitative evidence that DFIs increase FDI, economic growth and consequently promote development.