Foreign Direct Investment Inward and Foreign Direct Investment Outward: Evidence from Panel Data

21 Pages Posted: 3 Jun 2007 Last revised: 4 Feb 2008

See all articles by Nicholas Apergis

Nicholas Apergis

University of Piraeus; University of Derby

Costas Katrakilidis

affiliation not provided to SSRN

Nicholas Tambakis

affiliation not provided to SSRN

Date Written: March 2007

Abstract

This paper examines empirically the association between Foreign Direct Investment (FDI) inward and FDI outward. Using a panel data set for 35 economies over the period 1981-2004 as well as the methodology of panel cointegration and panel causality tests, the empirical findings show that FDI inward does exhibit a significant relationship with FDI outward. This evidence is supportive to the indirect link of the development path theory.

Keywords: FDI inward, FDI outward, transitional economies, panel cointegration, panel causality

JEL Classification: F21, C33

Suggested Citation

Apergis, Nicholas and Katrakilidis, Costas and Tambakis, Nicholas, Foreign Direct Investment Inward and Foreign Direct Investment Outward: Evidence from Panel Data (March 2007). Available at SSRN: https://ssrn.com/abstract=989965 or http://dx.doi.org/10.2139/ssrn.989965

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

Costas Katrakilidis

affiliation not provided to SSRN ( email )

Nicholas Tambakis

affiliation not provided to SSRN ( email )

No Address Available

Register to save articles to
your library

Register

Paper statistics

Downloads
182
Abstract Views
938
rank
166,645
PlumX Metrics