Eaton, Jonathan; Tamura, Akiko - 2021
around the world. Consistent with the theory we find that the importance of DFI relative to exports grows with population …, although, contrary to our theory, the elasticity of DFI, as well as exports, with respect to population is less than one. We … find that distance tends to inhibit DFI much less than it inhibits exports, as our theory predicts. We find some tendency …