文章基本信息

标题：Foreign direct investment and the relationship between the United Kingdom and the European Union
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作者：Randolph Bruno ; Nauro Campos ; Saul Estrin 等
期刊名称：CEP Discussion Paper
出版年度：2016
卷号：2016
语种：English
出版社：Centre for Economic Performance
摘要：This paper investigates whether and to what extent foreign direct investment inflows into the United Kingdom are caused by its membership in the European Union (EU). It reports two main sets of econometric estimates: (a) synthetic counterfactual method with annual data for large sample of developing and developed countries over 1970-2014 and (b) gravity estimates using 34 OECD countries bilateral data for 1985-2013. The two sets of estimates strongly concur: EU membership increases FDI inflows by about 30%. This result is robust to changes in specification, country samples, time windows, and the use of different estimators (panel, PPML and Heckman).
关键词：foreign direct investment;gravity;SMC;European Union