cointegrating relationship to a spurious regression. The cointegration monitoring procedure is based on residuals from modified …

We study the role of competition for the hold-up problem in foreign direct investment in resource-based industries. The … host country government is not only unable to commit not to expropriate investment ex post, but is also unable to commit to … higher investment levels, increases host countries revenues, but hurts profits of international investors. Domestic firms can …

investment. We use newly available comprehensive panel data that we constructed from information collected by the German …