Foreign Direct Investment and Trade: A Causality Analysis

被引：0
作者：
Oscar Bajo-Rubio
María Montero-Muñoz
机构：
[1] Universidad Pública de Navarra,Departamento de Economía
[2] Universidade de Vigo,Departamento de Fundamentos da Anālise Econōmica
来源：
Open Economies Review | 2001年 / 12卷
关键词：
foreign direct investment; exports; Granger causality;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
In this article, we analyze the relationship between outward foreign direct investment (FDI) and exports, using Spanish quarterly data for the period 1977–1998, by means of Granger causality tests in a cointegration framework. Our results point to the existence of a relationship of complementarity between both variables, with Granger causality running in the short run from outward FDI to exports, and bilateral Granger causality in the long run.
引用
收藏
页码：305 / 323
页数：18
相关论文
共 43 条
[1]  
Bajo-Rubio O.(1999)The Effects of Foreign Direct Investment on Trade Flows: Some Evidence for Spain, 1977–1992 Economic and Financial Modelling 6 177-196
[2]  
Montero-Muñoz M.(1994)An Econometric Analysis of Foreign Direct Investment in Spain, 1964–89 Southern Economic Journal 61 104-120
[3]  
Bajo-Rubio O.(1986)Exploring Equilibrium Relationships in Econometrics through Static Models: Some Monte Carlo Evidence Oxford Bulletin of Economics and Statistics 48 253-277
[4]  
Sosvilla-Rivero S.(1979)Distribution of the Estimators for Autoregressive Time Series with a Unit Root Journal of the American Statistical Association 74 427-431
[5]  
Banerjee A.(1996)La Estimación de las Inversiones Directas en la Balanza de Pagos Información Comercial Española 752 65-80
[6]  
Dolado J. J.(1987)Co-integration and Error Correction: Representation, Estimation and Testing Econometrica 55 251-276
[7]  
Hendry D. F.(1986)The Multinational Firm Quarterly Journal of Economics 101 805-833
[8]  
Smith G. W.(1984)A Simple Theory of International Trade with Multinational Corporations Journal of Political Economy 92 451-471
[9]  
Dickey D. A.(1981)Autoregressive Modelling and Money-Income Causality Detection Journal of Monetary Economics 7 85-106
[10]  
Fuller W. A.(1993)Estimating Long-Run Relationships in Economics: A Comparison of Different Approaches Journal of Econometrics 57 53-68
12345