The impact of OFDI on economic growth countries. An econometric approach using panel data and time-series evidence
AUTOR(ES)
Ambrosini, Mattia
DATA DE PUBLICAÇÃO
20/12/2012
RESUMO
The thesis at hand adds to the existing literature by investigating the relationship between economic growth and outward foreign direct investments (OFDI) on a set of 16 emerging countries. Two different econometric techniques are employed: a panel data regression analysis and a time-series causality analysis. Results from the regression analysis indicate a positive and significant correlation between OFDI and economic growth. Additionally, the coefficient for the OFDI variable is robust in the sense specified by the Extreme Bound Analysis (EBA). On the other hand, the findings of the causality analysis are particularly heterogeneous. The vector autoregression (VAR) and the vector error correction model (VECM) approaches identify unidirectional Granger causality running either from OFDI to GDP or from GDP to OFDI in six countries. In four economies causality among the two variables is bidirectional, whereas in five countries no causality relationship between OFDI and GDP seems to be present.
ASSUNTO(S)
emerging countries ofdi economic growth panel data time-series causality analysis Áreas subdesenvolvidas desenvolvimento econômico análise de séries temporais investimentos estrangeiros análise de regressão
ACESSO AO ARTIGO
http://hdl.handle.net/10438/10483Documentos Relacionados
- Time-Series Properties and Empirical Evidence of Growth and Infrastructure (Revised Version)
- Reconstruction of the dynamics of the climatic system from time-series data
- The impact of OSHA recordkeeping regulation changes on occupational injury and illness trends in the US: a time‐series analysis
- Public Debt Sustainability and Endogenous Seignorage in Brazil: Time-Series Evidence From 1947-92
- Outdoor air pollution and infant mortality: analysis of daily time‐series data in 10 English cities