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conclusions regarding the existence of FDI-related spillovers. Using the standard measure employed in the literature we fail to … linkages that relax assumptions (i)-(iii), we find robust evidence for positive FDI backward spillover effects. …
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Many previous studies have shown that the localisation of firms can be an important factor in attracting new foreign direct investment into a host country. What has been missing in this literature thus far, however, is an investigation into the reasons why industry clusters attract firms. We...
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