Campos, Nauro; Kinoshita, Yuko - 2008
export-platform FDI. Campos and
Kinoshita (2003) also examine FDI determinants, expanding the set of host countries to
25 … measured as FDI as a ratio of GDP in country i at
year t.
11
X
it
includes (i) the classical factors (market size …
equation (1), valid instruments are lagged levels of dependent variables,
sit
Y
−
where 2≥s and
.,...,4,3 Tt = If
it
X …