Chousa, Juan Piñeiro; Chaitanya, Krishna; Aristidis, … - William Davidson Institute, University of Michigan - 2008
, high inflation, low per
capita income, etc.)
• Infrastructure constraints (technological backwardness, lack of … economical point of view, if the exchange
rate is volatile and the country suffers macroeconomic instability (inflation), and … inflation, EBRD Transition Indicator
and the reserve cover ratio.
9
Where, Q is the Quality of Direct Foreign Investments …