Does homophily provide a role for deep-rooted factors like cultural connections to affect foreign direct investment (FDI)? With data on US FDI to 74 host countries from 1984 to 2017, our results show a negative effect of home-host cultural distance on FDI. Using a higher-order spatial model that...

This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...

This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...