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This paper examines how capital account liberalization (CAL) affects Foreign Direct Investment (FDI) inflows. The authors use the System Generalized-Method-of-Moments (GMM) estimator developed for the dynamic panel model for a sample of 17 Middle East and North Africa (MENA) countries from 1985...
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Utilising four annual panel datasets and dynamic panel data estimation procedures we find that trade and financial …
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industrialised countries and dynamic panel estimation techniques, we provide evidence which suggests that both types of openness are …
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