... C33 F20 J01 Offshoring has historically enabled firms to exploit cost differentials by relocating production but has also concomitated the displacement of low-skilled workers from labour-intensive industries in developed countries (Ebenstein et al., 2014). External shockwaves beyond...

...-period lag based dynamic panel model can be presented as follows in equation (2) : (2) y i t = α i + θ t + β y i , t − 1 + x i t ′ η + ε i t E24 F20 F40 Foreign direct investments (FDIs) are assumed to have several beneficial...