ABSTRACT. Javorcik et al. use a firm-level panel data set from Romania to examine whether the nationality of foreign investors affects the degree of vertical spillovers from FDI. Desmet and Rojas provide a novel rationale for the gradual liberalization of inward FDI. Tekin-Koru and Waldkirch investigate the effect of NAFTA on the location of FDI in North America: NAFTA has led to an increase in FDI in Mexico from the U.S., but not from other countries. Antràs et al. note that the horizontal FDI view represents FDI as the replication of capacity in multiple locations in response to factors such as trade costs.



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