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CEE countries. Applying robust estimation techniques we identify a 'robust' set of determinants of private equity activity … Western European and CEE countries. Our results suggest that commercial bank lending, equity market capitalization, unit …
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This paper analyzes the necessary local conditions required for the existence of positive spillovers from multinationals' entry and it consists of a unified study of absorptive capacities. We start from the idea that FDI speeds up the diffusion of technologies across countries. Yet, the question...
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This paper compares the performance of purely domestic plants, domestic exporters and domestic multinationals. For our empirical analysis we utilise a non-parametric approach based on the principle of first order stochastic dominance. We find that the distributions for multinationals dominate...
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we constructed from several sources, including the Library of Congress and the World Bank. Our analysis of 40 African …
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