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Recent research on productivity spillovers from affiliates of multinational corporations in developing and emerging … transmitting productivity spillovers. This finding has important policy implications, given that host economy governments often … dissemination, and the materialization of productivity spillovers among domestic firms. These findings are used to identify the main …
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Using country-to-country data, this paper documents a set of novel stylized facts about the rise of the South in global finance. The paper assembles comprehensive bilateral data on cross-border bank loans and deposits, portfolio investment in debt and equity, foreign direct investment, and...
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