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influence of foreign direct investment. We analyze data for 72 countries, 1970-90. We incorporate in our tests the Kuznets (1955 … countries. The ratio of foreign direct investment stock to gross domestic product is unrelated to the distribution of income … the economic importance of foreign investment. If foreign investment increases average incomes in developing countries, as …
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We estimate a structural vector autoregressive (SVAR) model of the French economy. The econometric method originates in Blanchard and Perotti [Quarterly Journal of Economics, 2002] but owes also extensively to the fiscal theory of the price level (FTPL) that investigates the interactions between...
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