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Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...
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and direction of the causal association between foreign direct investment (FDI) in financial services and financial … relationship between financial development and FDI in financial services after incorporating the extent of heterogeneity among … emerging economies. The authors find long-run unidirectional causality from financial development to financial services FDI …
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driving growth across the EU, such as knowledge-intensive services, are instead stagnating in Italy. Previous structural …
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