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The so called resource curse, the fact that countries rich in natural resources often show lower rates of economic growth compared to resource-poor countries, is commonly attributed to the low quality of governance in resource-rich countries. The Extractive Industries Transparency Initiative...
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The paper provides a cross-country empirical analysis of the impact of corruption on foreign direct investment flows …. The gravity model estimates suggest that if control of corruption in the destination country improves, investment flows … from cleaner countries rise more than they do from countries with a higher incidence of corruption. In certain cases, a …
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We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...
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