This study explores how relative skilled-wage premia affect FDI. Contrary to previous studies based on factor endowment differences, we find strong support for vertical FDI, in the sense that more FDI is conducted in countries where unskilled labor is relatively cheap. In addition, we find that...

We assess the impact of cardiovascular disease (CVD) mortality on economic growth, using a dynamic panel growth regression framework taking into account potential endogeneity problems. We start from a worldwide sample of countries for which data was available and detect a non-linearity in the...

This study provides a theoretical explanation, first, as to why some less-developed countries (LDCs) have complained about the OECD negotiations of a multilateral investment agreement (MAI) in 1998 although they were free to join or opt out. Second, it explains why we observe instead an...