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THE BENEFITS and COSTS OF PRIVATE INVESTMENT FROM ABROAD: A THEORETICAL APPROACH

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  • *This article was written while the author was Visiting Professor of Economics and Finance at the Australian National University. I am grateful to several economists, including Professor T. W. Swan, Mr. H. P. Brown and Dr. W. E. G. Salter, for discussing these matters with me, and especially indebted to Dr. I. F. Pearce for his help.

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