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meaning. As a result, there are no explicit and widely accepted theoretical economic models explaining FDI in ABS. Anyway, a very useful approach to BS and international flows was provided by Markusen – Strand (2009) . Their starting point was to

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the United States of America . Romanian Journal of Economic Forecasting , 20 ( 1 ): 60 – 74 . Dumitrescu , E. I. – Hurlin , C . ( 2012 ): Testing for Granger Non-Causality in Heterogeneous Panels . Economic Modelling , 29 ( 4 ): 1450 – 1460

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differences in taste or technology. Previous empirical studies have fewer analysis of attitude towards risk and its incorporation into empirical hypotheses. 2 In Section 2 , I give a short description about the researches in this field. The economic model in

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on Job Flows: The Italian Case . Economic Modelling , 68 : 178 – 189 . 10.1016/j.econmod.2017.07.011 Dixon , R. – Lim , G. C. – van Ours , J. C. ( 2016 ). Revisiting the Okun relationship . Applied Economics , 49 ( 28 ): 2749 – 2765

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Risking-Bearing . Amsterdam : North-Holland . Bose , P. – Jetter , M . ( 2012 ): Liberalization and Tax Amnesty in a Developing Economy . Economic Modelling , 29 ( 3 ): 761 – 765 . 10.1016/j.econmod.2012.01.017 Cyert , R. M. – DeGroot , M. H

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. Economic Modelling , 25 ( 5 ): 793 – 810 . 10.1016/j.econmod.2007.11.005 Jarosiński , M

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Acta Oeconomica
Authors: Ivan Vujačić, Jelica Petrović-Vujačić, Svetozar Tanasković, and Marko Miljković

the European Economic Model . Washington, DC . World Bank . Gregory , P. – Stuart , R. ( 2014 ): The Global Economy and its Economic Systems . South-Western Cengage . Guetat , I. – Serranito , F. ( 2005 ): Using Panel Unit Root Tests to

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from China's Growth Enterprise Market Firms . Economic Modelling , 83 ( C ): 287 – 298 . https://doi.org/10.1016/j.econmod.2019.07.005 . 10.1016/j.econmod.2019.07.005 Lin , J. Y. ( 2019 ): China's Growth Deceleration: Causes and Future Growth

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): Testing for Granger Causality in Heterogeneous Mixed Panels . Economic Modelling , 28 ( 3 ): 870 – 876 . 10.1016/j.econmod.2010.10.018 European

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Acta Oeconomica
Authors: Marija Petrović-Ranđelović, Tamara Rađenović, Bojan Krstić, and Vladimir Mićić

traditional economic determinants, while the impact of non-economic determinants was insignificant. Also, Schneider – Frey (1985) found the similar results, by developing a political-economic model which examined the economic and political determinants of

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