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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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Nicholas Apergis
Published/Copyright:
February 29, 2008
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.
Published Online: 2008-2-29
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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- The OECD's Harmful Tax Competition Initiative and the Tax Havens: From Bombshell to Damp Squib
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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
- The Impact of the Japanese Purchases of U.S. Treasuries on the Dollar/Yen Exchange Rate
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