Fiorini, Matteo; Giovannetti, Giorgia; Lanati, Mauro; … - 2018
This paper investigates the role of asymmetric cultural proximity (CP) on greenfield foreign direct investment (FDI … broad notion of CP. We revisit the existing supply/origin-side theories of bilateral FDI to derive a gravity equation suited … econometric analysis confirms a positive role of asymmetric CP as a determinant of Greenfield FDI. Moreover, it suggests a …