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Russia’s large oil and gas reserves play a key role in its economic development. As with many other large oil exporters, Russia’s energy wealth is also posing numerous challenges to macroeconomic management. Although fiscal policy has saved a large part of the oil windfall in the...
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vector autoregression (VAR) approach developed by Toda and Phillips, we examine the causality between FDI and growth in China … error-correction analyses. The result reveals that the two-way causality between FDI and growth in China is not highly … significant. China's economic growth indeed attracts FDI influx, which supports the market-size hypothesis; while the FDI influx …
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