drop in industrial output along with a reduction in FDI attraction. This paper assesses the efficacy of the Investment … between FDI inward flows and a set of innovation and absorptive capacity indicators. Results show that the gap between …, we suggest that the convergence based on the productivity, can be assisted by a reinforcement of supply-side measures …

model in this paper combines the two model extensions for exchange rates and FDI which are disjunct in the original model …