While there has been significant research to explore the determinants (and frictions) of foreign direct investment (FDI), past literature primarily focuses on country-wide FDI patterns with little examination of sectoral heterogeneity in FDI. Anecdotally, there is substantial sectoral...

While there has been significant research to explore the determinants (and frictions) of foreign direct investment (FDI), past literature primarily focuses on country-wide FDI patterns with little examination of sectoral heterogeneity in FDI. Anecdotally, there is substantial sectoral...

In this paper we examine, for the first time to the best of our knowledge, the issue of convergence in Foreign Direct Investment (FDI) for a sample of countries representative of the world economy. We distinguish between groups of countries so that we can better understand differences attributed...