MERLEVEDE, B.; SCHOORS, K. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2005
In a partial adjustment framework the observed FDI stock is the result of two driving forces. First, the stock converges towards its equilibrium level, even without policy changes. Second, the equilibrium level itself is driven by changes in its determinants. By means of a dynamic panel data...