... Finally, this thesis is dedicated to my parents, my brother and my fiancée Without their financial and moral support, I could not have completed my master’s degree in Uppsala Table of contents ... role of FDI in economic growth of host countries A lot of existing studies have investigated the effects of FDI on economic growth in crosscountry framework, but most of them have looked at aggregated ... is the cheapest way of transferring technology And this is, in turn, giving rise to reduction of cost of processes and products In other words, overseas subsidiaries make use of technological innovations...