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 … uncertainty and to select the best models and most robust parameters. The principal finding is that a positive FDI-growth nexus in …

correlated with heterogeneous absorptive capacities and hence a heterogeneous FDI-growth relation. Our empirical results show … substantial heterogeneity in the FDI-growth relation. We find that controlling for certain measures of institutional quality … existing empirical literature and highlight the importance of specific aspects of institutional quality in the FDI-growth …

In this paper we propose a Bayesian estimation approach for a spatial autoregressive logit specification. Our approach … accounting for spatial dependence when modelling European regional FDI flows. …

. These findings are established through the estimation of a spatial bivariate probit model. …