English, Article edition: The causal relationship between domestic and outward foreign investment: evidence for Italy Dierk Herzer

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Bookmark: http://trove.nla.gov.au/version/50840
Physical Description
  • article
Language
  • English

Edition details

Title
  • The causal relationship between domestic and outward foreign investment: evidence for Italy
Author
  • Dierk Herzer
Physical Description
  • article
Notes
  • This article examines the impact of outward foreign direct investment (OFDI) on domestic investment by applying cointegration techniques to macroeconomic time series data for Italy. We find that OFDI has negative short-run and positive long-run effects on domestic investment. Furthermore, our empirical results show that the long-run causality is bi-directional, suggesting that increased OFDI is both a cause and a consequence of increased domestic investment.
  • RePEc:taf:apfelt:v:4:y:2008:i:5:p:307-310
Language
  • English
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