The never ending story

Naturally, the flows of FDI even from the OECD nations among themselves is highly “volatile”, quality wise with a decent amount of missing observations. Not to go deeper into the problem when you look at the Eastern European ones. After computing all these stocks and flows of capital, R&D or trade I really do not feel like spending my entire life searching for bits, pieces and approximations of all the incoming FDI to my 27 transitional countries in the sample. So I guess I will probably stick (in the 1st phase at least) to trade related spillovers, since, I will also probably have to invest some time and energy into econometrics…testing for unit roots and applying panel co-integration techniques.