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Focusing on technology spillover from foreign direct investment (FDI) inflows, this paper investigates the welfare implications of financial integration. Calibrations of a neoclassical growth model with international technology diffusion show that when technology catch-up due to FDI inflows is...
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We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture …
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which economic integration exerts its influence on growth include, capital accumulation, productivity growth, trade and …
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which economic integration exerts its influence on growth include, capital accumulation, productivity growth, trade and …
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current global crisis and the Asian financial crisis have become evident. Solid domestic institutions, especially in the …
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