Mody, Ashoka; Razin, Assaf; Sadka, Efraim - C.E.P.R. Discussion Papers - 2002
We develop a simple information-based model of FDI flows in which the abundance of intangible capital in the source countries, which generates expertise in cream-skimming investment projects in the host countries and enhances FDI flows. Corporate transparency in the host countries, on the other...