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today and will concern them in the future - all over the world, poor or rich. Traditionally, questions about allocative … insights are supported by two empirical studies, the first dealing with the innovative behaviour and the “within-multinational …” technology transfer of Spanish firms that were acquired by foreign companies and the second analysing productivity growth rate …
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We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...
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