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impact of economic growth on outward FDI with the data of two high income Asian countries: Japan and Singapore. The results … show that there is a short-run bidirectional causality between outward FDI and GDP per capita for Singapore, but a long …
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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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