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, namely Australia, Canada and Israel for the period 1965-2009. The empirical investigation is based on panel co … openness and economic growth. It also confirms the presence of unidirectional causality from economic growth to foreign direct … Australian economy only. This result indicates that economic growth may harm openness and foreign direct investment in these …
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Economic rationale for granting special incentives for attracting Foreign Direct Investment (FDI) is based on the belief that FDI bridges the 'idea gaps' between rich and the poor. Empirical literature however finds controversial, the effects of FDI on productivity growth. This paper contributes...
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