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Following substantial policy reforms in many countries, the past decade has been characterized by a remarkable increase of long-term private capital flows to the developing world. However, the bulk of these investments has concentrated on a few economies at the intermediate level of the...
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impact of economic growth on outward FDI with the data of two high income Asian countries: Japan and Singapore. The results … show that there is a short-run bidirectional causality between outward FDI and GDP per capita for Singapore, but a long …-run bidirectional causality for Japan. In the short-run, per capita income of Japan Granger causes its outward FDI …
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