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Prepared by Stephen Tokarick.
Positive productivity spillovers may also arise as a result of direct foreign investment. For a discussion of this, see Gordo, Martin, and Patrocinio (2008).
The countries included Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Italy, Japan, the Netherlands, Portugal, Spain, Sweden, the United Kingdom, and the United States.
See “Methodology For CGER Exchange Rate Assessments,” 2006, for details.