Foreign direct investment and trade: a causality analysis
| dc.contributor.author | Bajo Rubio, Óscar | |
| dc.contributor.author | Montero Muñoz, María | |
| dc.contributor.department | Economía | es_ES |
| dc.contributor.department | Ekonomia | eu |
| dc.date.accessioned | 2016-05-10T07:40:07Z | |
| dc.date.available | 2016-05-10T07:40:07Z | |
| dc.date.issued | 1999 | |
| dc.description.abstract | We analyse in this paper the relationship between outward FDI and exports, with Spanish quarterly data for the period 1977-1992. The empirical methodology makes use of Granger-causality tests in a cointegration framework, where the order of lags for each variable has been selected by means of Hsiao’s sequential approach. The tests have been performed both in a bivariate and multivariate setting, in the latter case including as additional variables a proxy for world income and the relative price of exports. Since cointegration between outward FDI and exports was found, error-correction mechanisms under three alternative specifications were included, which allowed us to discriminate between short- and long-run Granger-causality. Our results point to the existence of long-run Granger-causality from outward FDI to exports, according to a complementary relationship, for the Spanish case during the period of analysis. | en |
| dc.format.extent | 23 p. | |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.uri | https://academica-e.unavarra.es/handle/2454/20568 | |
| dc.language.iso | eng | en |
| dc.relation.ispartofseries | Documentos de Trabajo DE - ES Lan Gaiak | es |
| dc.relation.ispartofseries | 9902 | en |
| dc.rights | CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) | en |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | |
| dc.subject | Foreign direct investment | en |
| dc.subject | Exports | en |
| dc.subject | Granger-causality | en |
| dc.title | Foreign direct investment and trade: a causality analysis | en |
| dc.type | info:eu-repo/semantics/workingPaper | |
| dspace.entity.type | Publication | |
| relation.isAuthorOfPublication | 53d8540e-53c6-482d-b79d-1671820c0b0e | |
| relation.isAuthorOfPublication.latestForDiscovery | 53d8540e-53c6-482d-b79d-1671820c0b0e |