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;
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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.
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页码:305 / 323
页数:18
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