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150128 ||| eng |
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|a 9781451859485
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100 |
1 |
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|a Sayek, Selin
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245 |
0 |
0 |
|a FDI Spillovers, Financial Markets, and Economic Development
|c Selin Sayek, Laura Alfaro, Areendam Chanda, Sebnem Kalemli-Ozcan
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2003
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300 |
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|a 32 pages
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651 |
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4 |
|a Switzerland
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653 |
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|a Multinationals
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653 |
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|a Stock exchanges
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653 |
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|a Investments, Foreign
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653 |
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|a Finance
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653 |
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|a Industries: Financial Services
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653 |
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|a Financial Aspects of Economic Integration
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653 |
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|a Balance of payments
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653 |
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|a Long-term Capital Movements
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653 |
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|a Exports and Imports
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653 |
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|a General Financial Markets: General (includes Measurement and Data)
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653 |
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|a Multinational Firms
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653 |
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|a Economic sectors
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653 |
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|a Corporate Finance
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653 |
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|a Economic Growth of Open Economies
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653 |
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|a Financial markets
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653 |
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|a Foreign corporations
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653 |
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|a Stock markets
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653 |
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|a International Business
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653 |
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|a Financial Institutions and Services: General
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653 |
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|a Financial Markets and the Macroeconomy
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653 |
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|a Financial services industry
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653 |
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|a Financial sector development
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653 |
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|a Finance: General
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653 |
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|a International Investment
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653 |
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|a Foreign direct investment
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653 |
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|a Financial sector
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700 |
1 |
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|a Alfaro, Laura
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700 |
1 |
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|a Chanda, Areendam
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700 |
1 |
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|a Kalemli-Ozcan, Sebnem
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
0 |
|a 10.5089/9781451859485.001
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2003/186/001.2003.issue-186-en.xml?cid=16647-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
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|a 330
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520 |
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|a This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of ability. Agents can either work for the foreign company or undertake entrepreneurial activities, which are subject to a fixed cost. Better financial markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in contributing to development
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