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them set up as Foreign Direct Investment (FDI). This industry offers a peculiar advantage as a laboratory for social …
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cyclicality. Moreover REFDI deepens the saving-to-investment correlation (Feldstein-Horioka puzzle), unlike the rest of FDI … probability of macroeconomic crises, both as flow and as stock. Overall, REFDI is stronger in countries receiving more FDI, and …
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