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Appendix: Data and descriptive statistics

1. Data on foreign direct investment: We use bilateral outbound FDI stock data
into Europe as published by UNCTAD (FDI Country profiles), covering the period
1991-2002.

Parent country coverage: The sample contains a total of 22 OECD parent economies:
Australia, Austria, Canada, Czech Republic, Denmark, Finland, France, Germany,
Hungary, Iceland, Italy, Japan, Luxembourg, Netherlands, Norway, New Zealand,
Poland, Portugal, Sweden, Switzerland, United Kingdom, United States.

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