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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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  • Apergis Nicholas, 2008. "Foreign Direct Investment Inward and Foreign Direct Investment Outward: Evidence from Panel Unit Root and Cointegration Tests with a Certain Number of Structural Changes," Global Economy Journal, De Gruyter, vol. 8(1), pages 1-16, February.
    • Handle: RePEc:bpj:glecon:v:8:y:2008:i:1:n:3
    DOI: 10.2202/1524-5861.1314
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    2. de Boyrie Maria E, 2010. "Structural Changes, Causality, and Foreign Direct Investments: Evidence from the Asian Crises of 1997," Global Economy Journal, De Gruyter, vol. 9(4), pages 1-40, January.

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