Outward Foreign Direct Investment and Domestic Investment: Evidence from Industrialized Economies using Panel Data Analysis
Journal Title: International Journal of Economics, Commerce and Research (IJECR) - Year 2017, Vol 7, Issue 4
Abstract
From 1970-2013, Industrialized countries, which are them an in world economies, had domestic investment and had positive long-term effects on outward foreign direct investment. The group-mean estimator for the coefficient on DI is 4.56, suggesting that one dollar increase in DI increases OFDI by 4.56 dollars. Our results suggest that increased outward foreign direct investment is a consequence and cause of increased domestic investment.
Authors and Affiliations
Waqar Ameer, Halwan Musaad Mansour. A
Keywords
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