文章基本信息

标题：Exports and FDI: A Granger causality analysis in a heterogeneous panel
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作者：Chaido Dritsaki ; Melina Dritsaki
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2012
卷号：32
期号：4
页码：3128-3139
出版社：Economics Bulletin
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.
关键词：Foreign Direct Investment; Exports; Granger Causality; and Heterogenous Panel; Τwelve new EU countries