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Night lights could be a valuable proxy of economic activity at the subnational level when GDP data are lacking or of poor quality. Supplementing Henderson et al.’s (2012) analysis at the national level, we assess the stability of the elasticity of GDP with regard to night lights across regions...
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externalities and other intra- and inter-regional spillovers generated by domestic firms. The productivity effects of these … regional production function framework that models Marshallian externalities and other intra- and inter-regional spillovers … domestic firms are negative. -- Foreign Direct Investment ; US States ; Spatial Econometrics ; Marshallian Externalities …
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We assess the role of capital goods imports and inflows of foreign direct investment (FDI) as transmission channels … depends on the BRICs’ local capacity to absorb superior technologies and on domestic investment. …
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The paper discusses the pros and cons of capital account liberalization. Rather than contrasting liberalization and regulation of capital flows as irreconcilable antagonisms, we argue that capital account liberalization requires institutional and regulatory safeguards. Even though the...
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