Which Countries Export FDI, and How Much?
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The paper provides a reconciliation of Lucas' paradox, based on fixed setup costs of new investments. With such costs, it does not pay a firm to make a small' investment, even though such an investment is called for by marginal productivity conditions. Using a sample of 45 developed and developing
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美国国家经济研究局创建时间：
2003-12-01
