to be lower for domestic entrepreneurs than for foreign ones, but foreign producers enjoy a countervailing productivity … efficiency wages and with the evidence about the multinationals wage premium.' FDI is also more sensitive to increases in …

This paper models and tests the implications of institutional efficiency on the pattern of FDI. We posit that domestic … prediction, comparing institutional efficiency levels for a large cross-section of countries in 1989 to subsequent FDI flows … through the period of 1990-99, finding that institutional efficiency is positively associated with the ratio of subsequent …

to be lower for domestic entrepreneurs than for foreign ones, but foreign producers enjoy a countervailing productivity … efficiency wages and with the evidence about the multinationals wage premium.' FDI is also more sensitive to increases in …

This paper models and tests the implications of institutional efficiency on the pattern of foreign direct investment … domestic entrepreneurs than for foreign ones, but foreign producers enjoy a countervailing productivity advantage. Under these … asymmetries, multinationals pay higher wages than domestic producers, in line with the insight of efficiency wages and with the …