Morck, Randall; Fan, Joseph P.H.; Xu, Lixin Colin; … - National Bureau of Economic Research (NBER) - 2007
Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China … that China's FDI inflow is inefficiently large because weak institutions deter domestic investment while special …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …