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regulation, we find robust evidence of declining foreign capital shares in sectors subject to restrictions on foreign direct … spillovers of regulation that propagate throughout the value chain. …
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case of a protectionist FDI policy in Indonesia that restricts FDI at the product level. Using a yearly census of … Indonesian manufacturing firms for 2000 to 2015, we link productlevel changes in FDI regulation to changes in firm …-level productivity. Controlling for an extensive set of fixed effects as well as potential political-economy drivers of regulation, we …
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