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Does public governance always matter? : how experience of poor institutional quality influences FDI to the South

Darby, Julia; Desbordes, Rodolphe; Wooton, Ian - 2010

This paper investigates whether the higher prevalence of South multinational enterprises (MNEs) in risky developing countries may be explained by the experience that they have acquired of poor institutional quality at home. We confirm the intuition provided by our analytical model by empirically...