Fan, Joseph P. H.; Morck, Randall; Xu, Lixin Colin - 2009
Weak institutions impede foreign direction investment (FDI), yet China attracts massive FDI despite global media … spotlighting its institutional infirmities. Standard institutional quality variables poorly track rapid transformations, like China … cases. Cross-country regressions controlling for institutional quality and economy track record reveal China's FDI inflow …