Foreign Direct Investment Inward and Foreign Direct Investment Outward: Evidence from Panel Unit Root and Cointegration Tests with a Certain Number of Structural Changes
Nicholas Apergis
University of Piraeus
April 2007
Abstract:
This paper examines empirically the association between foreign direct investment inward and foreign direct investment outward. Using a panel data set for 35 economies over the period 1981-2004 as well as the methodology of panel unit root and panel cointegration tests with a certain number of structural changes, the empirical findings show that FDI inward does exhibit a significant (long-run) relationship with FDI outward.
Number of Pages in PDF File: 20
Keywords: FDI inward and FDI outward, panel unit root tests, panel cointegration test, structural breaks
JEL Classification: F21, C33
working papers series
Suggested Citation
Apergis, Nicholas, Foreign Direct Investment Inward and Foreign Direct Investment Outward: Evidence from Panel Unit Root and Cointegration Tests with a Certain Number of Structural Changes (April 2007). Available at SSRN: http://ssrn.com/abstract=989962 or http://dx.doi.org/10.2139/ssrn.989962
