The Relationship between Intra-Industry Foreign Direct Investment and Intra-Industry Trade in China

被引：2

作者：

Lyu, Licai ^{[1
]}

Blandford, David ^{[2
]}

机构：

[1] South China Agr Univ, Dept Econ, Guangzhou, Guangdong, Peoples R China

[2] Penn State Univ, Dept Agr Econ Sociol & Educ, University Pk, PA 16802 USA

来源：

PANOECONOMICUS | 2019年 / 66卷 / 02期

关键词：

Intra-industry foreign direct investment; Intra-industry trade; Cointegration; Granger causality; UNIT-ROOT TESTS; INTERNATIONAL-TRADE; PANEL-DATA; COINTEGRATION;

D O I：

10.2298/PAN160726027L

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper explores the relationship between intra-industry investment (III) and intra-industry trade (IIT) using cointegration and the Granger causality test. The empirical results indicate that there is a long-run equilibrium cointegration relationship between III and IIT in Chinese agriculture, manufacturing, the service sector and industry as a whole, and that this relationship is negative. Unidirectional Granger causality runs from III to IIT in manufacturing, the service sector and industry as a whole, but there is no strong evidence of causality running from IIT to III in any industry in China.

引用

页码：241 / 255

页数：15