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In this paper an index of financial competitiveness is calculated that corresponds to the market-to-book ratio of inward FDI stocks. For a panel of five advanced economies from 1980 to 2006 it is shown that price competitiveness, stable inflation rates and registered patents have a positive...
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-producers emerged in Asia, Latin America as well as Southern and Central Europe. In addition, the automobile industries of Germany … differed considerably between Germany, Japan and the United States. Economic restructuring was least pronounced in the US …
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factor price frontier for the United States and Germany. …
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