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Capital Controls, Liberalizations, and Foreign Direct Investement

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NBER2004-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10337
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Affiliate-level evidence indicates that American multinational firms circumvent capital controls by adjusting their reported intrafirm trade, affiliate profitability, and dividend repatriations. As a result, the reported profit impact of local capital controls is comparable to the effect of 24
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2004-03-01
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