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

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  • Apergis Nicholas

    ()
    (University of Piraeus)

Abstract

This article 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.

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File URL: http://www.degruyter.com/view/j/gej.2008.8.1/gej.2008.8.1.1314/gej.2008.8.1.1314.xml?format=INT
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Bibliographic Info

Article provided by De Gruyter in its journal Global Economy Journal.

Volume (Year): 8 (2008)
Issue (Month): 1 (February)
Pages: 1-16

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Handle: RePEc:bpj:glecon:v:8:y:2008:i:1:n:3

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Web page: http://www.degruyter.com

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Cited by:
  1. Chowdhury, Mamta B, 2011. "India’s Outward Foreign Direct Investment: Closed Doors to Open Souk," MPRA Paper 32828, University Library of Munich, Germany.

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