Delgado, Michael S.; McCloud, Nadine; Kumbhakar, Subal C. - In: Journal of Macroeconomics 42 (2014) C, pp. 298-316
Who really wins from foreign direct investment (FDI) and by how much? Should winners care about corruption? Building on evidence of heterogeneity in the FDI-growth relationship, we propose a semiparametric model that allows corruption to influence the relationship between the conditioning...