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Greenfield Foreign Direct Investment: Social Learning drives Persistence

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By Joe Yiu, Charles Ka Yui, Byron Kwok Ping
| mpra.ub.uni-muenchen.de
References: ACEMOGLU, D., S. JOHNSON, AND J. A. ROBINSON (2005): “Institutions as a fundamental cause of long-run growth,” Handbook of Economic Growth, 1, 385–472. ALBUQUERQUE, R. (2003): “The composition of international capital flows: risk sharing through foreign direct investment,” Journal of International Economics, 61, 353–383. ALFARO, L., S. KALEMLI-OZCAN, AND V. VOLOSOVYCH (2008): “Why doesn’t capital flow from rich to poor countries?
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