Optimal Diversification: Reconciling Theory and Evidence
نویسندگان
چکیده
منابع مشابه
Technical Appendix: Transition to FDI Openness - Reconciling Theory and Evidence
* The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System.
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Empirical studies quantifying the economic effects of increased foreign direct investment (FDI) have not provided conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in domestic investment and employment. ...
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ژورنال
عنوان ژورنال: The Journal of Finance
سال: 2004
ISSN: 0022-1082
DOI: 10.1111/j.1540-6261.2004.00641.x