Dynamic Linkages between FDI Inflows and Domestic Investment: A Panel Cointegration Approach

Atlantic Economic Journal, 34, pp. 385-394, 2006

Posted: 7 Jan 2013

See all articles by Nicholas Apergis

Nicholas Apergis

University of Piraeus; University of Derby

Constantinos Katrakilidis

Aristotle University of Thessaloniki - Department of Economics

Nicholas Tabakis

Alexander Technological Educational Institute of Thessaloniki - Department of Agricultural Development and Agribusiness Management

Date Written: 2006

Abstract

This paper analyzes the dynamic relationship between FDI inflows and domestic investment for a panel of selected countries by means of panel cointegration and causality techniques. Specifically, the paper provides empirical evidence regarding the existence of possible crowding in or crowding out effects between FDI inflows and domestic investment, accounting for the location and the level of development of the host countries.

Keywords: FDI inflows, domestic investment, panel cointegration

JEL Classification: C33, C51, F21

Suggested Citation

Apergis, Nicholas and Katrakilidis, Constantinos and Tabakis, Nicholas, Dynamic Linkages between FDI Inflows and Domestic Investment: A Panel Cointegration Approach (2006). Atlantic Economic Journal, 34, pp. 385-394, 2006. Available at SSRN: https://ssrn.com/abstract=2197533

Nicholas Apergis

University of Piraeus ( email )

Karaoli and Dimitriou 80
80 KARAOLI & DIMITRIOU STREET
Piraeus, Attiki 18534
Greece

University of Derby ( email )

Kedleston Road
Derby, Derbyshire DE22 1GB
United Kingdom

Constantinos Katrakilidis (Contact Author)

Aristotle University of Thessaloniki - Department of Economics ( email )

Thessaloniki, 54124
Greece

HOME PAGE: http://users.auth.gr/katrak

Nicholas Tabakis

Alexander Technological Educational Institute of Thessaloniki - Department of Agricultural Development and Agribusiness Management ( email )

P.O. Box 141
Sindos Thessaloniki, GR-57400
Greece

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