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The impact of capital flows on domestic investment in transition economies

Mileva, Elitza (contributor) - 2008

domestic investment. In this partial adjustment setup, capital flows can have contemporaneous and long-term effects on … investment. For countries with less developed financial markets and weaker institutions, our estimates for the FDI coefficient … are larger than one, suggesting FDI stimulates investment in other sectors of the economy (spilloverʺ effects). Over the …

Persistent link: https://www.econbiz.de/10003748962