Resource discoveries and FDI bonanzas: an illustration from Mozambique
This paper examines the effect of giant oil and gas discoveries on foreign direct investment in developing economies. Across countries, we document a 58% increase in non-resource extraction FDI in the 2 years following a giant discovery, an event which is unpredictable due to the uncertainty of expl...
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| Format: | Working paper |
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University of Oxford
2017
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