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estimation show substitutability between FDI and trade in petroleum exporters of ex-USSR and complementarity in the rest of the … countries of the same region. Also found that such effects are repeated in five biggest petroleum exporters and other transition …
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The objective of this research is to analyze the conceivable cointegration and direction of causality among the oil price, trade openness, foreign direct investment and the growth rate in Thailand, using the time series data from 1974 to 2018. In addition to these variables’ fiscal development...
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