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One of the most outstanding features of the trend toward globalization has been the increased importance of foreign … direct investment (FDI) flows around the world. This study estimates the determinant of FDI flows using the gravity equation … variables such as shareholder protection, openness to FDI flows and corporate tax. The purpose of this research is to identify …
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We adopt the framework of Schumpeterian creative destruction formalized by Aghion et al. (2009) to analyze the impact of foreign entry on the productivity growth of domestic firms. In the face of foreign entry, domestic firms exhibit heterogeneous patterns of growth depending on their...
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