Abstract
We examine the determinants of FDI flows to emerging economies by analyzing a recently compiled data set of bilateral FDI flows. Using a panel approach, we investigate both home and host country factors that may play an important role in determining the level and the destination of FDI flows. On the home country side of the FDI flows, we focus on the five largest economies worldwide. On the host country side, we study a number of emerging economies in Asia, Latin American, and Central and Eastern Europe.
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