Foreign direct investment brings host countries capital, productive facilities, and technology transfers as well as employment, new job skills, and management expertise. It is important to the Russian Federation, where incentives for competition are limited and incentives to becoming efficient...

All countries - developing and developed alike - find it difficult to stay competitive without inflows of foreign direct investment (FDI). FDI brings to host countries not only capital, productive facilities, and technology transfers, but also employment, new job skills and management expertise....

Joseph Schumpeter argued in 1911 that the services provided by financial intermediaries - mobilizing savings, evaluating projects, managing risk, monitoring managers, and facilitating transactions -stimulate technological innovation and economic development. The authors present evidence that...

We test a model of inter-metropolitan migration using 1965-70 data for 284 metropolitan areas from the 1970 Census of Population. Innovations in model specification permit us to derive estimatable equations for gross in- and out-migration from a point-to-point hypothesis. Measures of economic...