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equilibria, and different kinds of capital flows may push investment in one direction or the other for sustained periods of time. …
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set of moments describing firm-level investment dynamics and detailed parameter estimates on a country-by-country basis …
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Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income … productive investment in the presence of asymmetric information between the managing owners of firms and other portfolio … stakeholders. We emphasize the crucial role played by FDI in sustaining equity-financed capital investment for economies plagued by …
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