Foreign Direct Investment Inward and Foreign Direct Investment Outward: Evidence from Panel Unit Root and Cointegration Tests with a Certain Number of Structural Changes

20 Pages Posted: 3 Jun 2007

See all articles by Nicholas Apergis

Nicholas Apergis

University of Piraeus; University of Derby

Date Written: 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.

Keywords: FDI inward and FDI outward, panel unit root tests, panel cointegration test, structural breaks

JEL Classification: F21, C33

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: https://ssrn.com/abstract=989962 or http://dx.doi.org/10.2139/ssrn.989962

Nicholas Apergis (Contact Author)

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

Register to save articles to
your library

Register

Paper statistics

Downloads
306
Abstract Views
1,409
rank
99,632
PlumX Metrics