Exports and FDI: A Granger causality analysis in a heterogeneous panel

被引:0
|
作者
Dritsaki, Chaido [1 ]
Dritsaki, Melina [2 ]
机构
[1] Technol Univ Western Macedonia, Kozani, Greece
[2] Brunel Univ, Uxbridge, Middx, England
来源
ECONOMICS BULLETIN | 2012年 / 32卷 / 04期
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中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper investigates the heterogenous panels Granger causality between exports and Foreign Direct Investment (FDI) for the twelve new EU countries from 1995 until 2010. The cointegration test by Pedroni (1999) shows a long run heterogenous relationship. A two-stage Engle and Granger procedure (1987). allowing for testing of heterogeneity of panel data on dynamic models, shows a bilateral causal relationship between exports and foreign direct investment both in the long and short run for the examined countries.
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页码:3129 / 3140
页数:12
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