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FDI from the European Union (EU) ranks before FDI from North America (NA) in some of the Latin American countries. We … investigate the impact of EU- versus NA-FDI on the growth rate including about 50 controls. Country specific effects and parameter … best models and most robust parameters. Our results indicate that positive effects of FDI are dependent on the functioning …
Persistent link: https://www.econbiz.de/10010296038
Foreign Direct Investment (FDI) has surged in Latin America (LA) since the mid 1990s. European and North American FDI … is of capital importance. We investigate the FDI-growth nexus in LA allowing for different source countries, regional … heterogeneity, more than 20 growth determinants, and interaction terms with FDI. We use Bayesian Model Averaging to address model …
Persistent link: https://www.econbiz.de/10011124055
Foreign Direct Investment (FDI) has surged in Latin America (LA) since the mid 1990s. European and North American FDI … is of capital importance. We investigate the FDI-growth nexus in LA allowing for different source countries, regional … hetero- geneity, interaction terms with FDI, and more than 20 growth determinants. We use Bayesian Model Averaging to address …
Persistent link: https://www.econbiz.de/10011092658
Foreign Direct Investment (FDI) has surged in Latin America (LA) since the mid 1990s. European and North American FDI … is of capital importance. We investigate the FDI-growth nexus in LA allowing for different source countries, regional … heterogeneity, interaction terms with FDI, and more than 20 growth determinants. We use Bayesian Model Averaging to address model …
Persistent link: https://www.econbiz.de/10012723831
. Second, although both FDI and portfolio inflows can increase investment, the effect from FDI is significantly smaller — in …
Persistent link: https://www.econbiz.de/10010721475
. Second, although both FDI and portfolio inflows can increase investment, the effect from FDI is significantly smaller —in …
Persistent link: https://www.econbiz.de/10010823162
In this paper, we investigate the robustness of the relationship between trade openness and long-run economic growth over the sample period 1960–2000, utilising Bayesian model averaging techniques to account for model uncertainty issues in a systematic manner. We find no evidence that trade...
Persistent link: https://www.econbiz.de/10011048896
This paper examines the long-run relationship between trade open-ness and economic growth across countries over the period 1960-2000. Two strategies are followed in empirical investigation. First, we extend the augmented neo-classical growth model with an openness variable and estimate it by...
Persistent link: https://www.econbiz.de/10010941520
Pro-Poor Growth (PPG) is the vision of combining high growth rates with poverty reduction.Due to the myriad of possible determinants of growth and poverty a unique theoretical model for guiding empirical work on PPG is absent, though.Bayesian Model Averaging is a statistically robust framework...
Persistent link: https://www.econbiz.de/10011091162
Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country cross-sectional analyses have employed Bayesian model averaging to tackle the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...
Persistent link: https://www.econbiz.de/10011009978