Foreign Direct Investment and Trade: A Causality Analysis |
| |
| Authors: | Bajo-Rubio Oscar Montero-Muñoz María |
| |
| Institution: | (1) Departamento de Economía, Universidad Pública de Navarra, 31006 Pamplona, Spain;(2) Departamento de Fundamentos da An lise Econ mica, Universidade de Vigo, 36200 Vigo, Spain |
| |
| Abstract: | 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. |
| |
| Keywords: | foreign direct investment exports Granger causality |
| 本文献已被 SpringerLink 等数据库收录！ |
|
