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- W2734677730 endingPage "59" @default.
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- W2734677730 abstract "Abstract We explore the effect of foreign direct investment (FDI) on economic growth, distinguishing between mergers and acquisitions (M&As) and “greenfield” investment. A simple model underlines that, unlike greenfield investment, M&As partly represent a rent accruing to previous owners, and do not necessarily contribute to expanding the host country's capital stock. Greenfield FDI should therefore have a stronger impact on growth than M&A sales. This hypothesis is supported by our empirical results that are based on a panel of up to 127 industrialized, emerging, and developing countries over 1990 to 2010." @default.
- W2734677730 created "2017-07-21" @default.
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- W2734677730 date "2017-07-13" @default.
- W2734677730 modified "2023-10-14" @default.
- W2734677730 title "Good and useless FDI: The growth effects of greenfield investment and mergers and acquisitions" @default.
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- W2734677730 doi "https://doi.org/10.1111/roie.12302" @default.
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