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This paper analyses the growth effects of capital formation, exports and FDI as major drivers of economic development in Eastern Europe. The fundamental innovations are identified by empirically and theoretically motivated short- and long-run restrictions in structural cointegrated vector...
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Slovakia) since the late 1990s, linking their take-off to the opening to trade and infusion of foreign direct investment (FDI … foreign investment as a share of GDP in the recent global history, and this has contributed to productivity convergence. We …
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. -- Eastern Europe ; Growth ; Exports ; Investment ; Identification …
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