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This paper models and tests the implications of costly enforcement of property rights on the pattern of foreign direct investment (FDI). We posit that domestic agents have a comparative advantage over foreign agents in overcoming some of the obstacles associated with corruption and weak...
Persistent link: https://www.econbiz.de/10012469382
regressions account for not more than 2/3 of the variation. We apply the regression results to assess China's current account over …
Persistent link: https://www.econbiz.de/10012464194