Kukenova, Madina; Monteiro, José-Antonio - 2008 - This draft: August 2008
This paper investigates if differences in environmental regulations can influence FDI flows in a multi-country setting … taking into account the so-called "third-country" effects. We examine bilateral FDI flows using a new extended OECD … between FDI and environmental stringency, once we correct for endogeneity and spatial dependence. The evidence of a positive …