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    • Fixed Costs, Foreign Direct Investment, and Gravity with Zeros 

      Davies, Ronald B.; Kristjánsdóttir, Helga (University of Oregon, Dept of Economics, 2006-06)
      Fixed costs play a crucial role in current models of foreign direct investment (FDI), yet they are almost entirely ignored in empirical treatments of FDI. We fill this gap by using a 1989-2001 panel of FDI flows into ...