Foreign Direct Investment Inward and Foreign Direct Investment Outward: Evidence from Panel Unit Root and Cointegration Tests with a Certain Number of Structural Changes
University of Piraeus
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, C33working papers series
Date posted: June 3, 2007
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