Nonlinearities and a Pecking Order in Cross-border Investment
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Nonlinearities can arise in international investment factors because of a pecking order in barriers. When direct barriers are severe, improvements in governance factors such as rule of law and expropriation risk can increase investment. Only when severe barriers are ameliorated can factors such as
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美国国家经济研究局创建时间：
2021-11-01
