Hh. Aswicahyono et H. Hill, EXPLAINING FOREIGN-INVESTMENT SHARES IN LDC INDUSTRY - INCORPORATING THE POLICY FACTOR, Economics letters, 41(2), 1993, pp. 167-170
Inter-industry variations in foreign investment shares are explained b
y both 'industrial economics' factors and the host country policy envi
ronment. While there is a consensus in the literature on the appropria
te strategy for modelling the former, the latter remains something of
a lacuna. We demonstrate how this variable may be formally incorporate
d into the analysis.