Transition to FDI Openness: Reconciling Theory and Evidence

Ellen R. McGrattan

NBER Working Paper No. 16774
Issued in February 2011

---- Acknowledgements -----

I thank my colleagues at the Minneapolis Federal Reserve and seminar participants at the London School of Economics, the European University Institute, Ohio State, Yale, the Cleveland Fed, the Bureau of Economic Analysis, Kansas State, the NBER, and the Society for Economic Dynamics for their comments on earlier drafts of the paper. For editorial assistance, I thank Kathy Rolfe and Joan Gieseke. For helpful tips on parallelizing my codes, I thank Graham Candler. Codes, data, and a separate technical appendix are available at my website, www.minnepolisfed.org/research. The views expressed herein are those of the author and not necessarily those of the Federal Reserve Bank of Minneapolis, the Federal Reserve System, or the National Bureau of Economic Research.

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