Since the beginning of the 1990s, foreign direct investment (FDI) in developing countries has increased dramatically. The distribution of FDI flows across these countries, however, is highly uneven; only a small number attract comparatively large amounts of foreign capital. This paper...

Chapter 1: Review of the Neoclassical Theory of Capital Flows and Related Empirical -- Chapter 2: The Lucas Paradox: Alternative Estimates of Marginal Product of Capital -- Chapter 3: Estimating the Determinants of Capital Inflows Using Cross-Sectional Data -- Chapter 4: Panel and Non-Linear...

Since the beginning of the 1990s ,foreign direct investment (FDI) in developing countries has increased dramatically. The distribution of FDI flows across these countries ,however ,is highly uneven; only a small number attract comparatively large amounts of foreign capital. This paper...