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types of FDI: unlike greenfield investment, M&As partly represent a rent accruing to previous owners, and do not necessarily … contribute to expanding the host country's capital stock. The model suggests that greenfield FDI has a stronger impact on growth … than M&A sales. This hypothesis is supported by our empirical results, which show that greenfield FDI enhances growth …
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This paper investigates whether aggregate Foreign Direct Investment (FDI), cross-border Mergers and Acquisitions (M … bidirectional causality between FDI, M&A and growth. It also suggests that economic growth Granger causes greenfields, but the … reverse is not true. The estimation of the growth equation leads us to conclude that FDI through greenfield investments exerts …
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Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on skills rather than idiosyncratic attributes unrelated to productivity? If so, why? And what are the aggregate consequences? Using internationally comparable data on worker skills and...
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