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institutional framework. We analyze the interaction between aggregate efficiency, corruption, and other dimensions of governance for … of governance, we observe that corruption is consistently detrimental in countries where institutions are effective, but …
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Studies of the impact of local political risk on foreign direct investment inflows overlook that worldwide FDI comes in waves. Using a simple model we show that the impact of political risk on FDI inflows is likely to be weaker, the larger the worldwide amount of FDI, which may question standard...
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