{"id":112064,"date":"2024-01-22T17:27:54","date_gmt":"2024-01-22T16:27:54","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/112064\/"},"modified":"2024-11-07T04:01:11","modified_gmt":"2024-11-07T03:01:11","slug":"a-panel-data-analysis-on-fdi-and-exports","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/112064\/","title":{"rendered":"A Panel Data Analysis on FDI and Exports"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-112064","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The paper investigates the link between exports and the outward FDI stock using a panel of industries and seven EU countries for the period 1973\u20132004. In particular, we use the panel causality tests developed by Holtz-Eakin, Newey, and Rosen (1988). Estimates using system GMM estimators show that exports cause FDI but not vice versa. The long-run elasticity of the outward FDI stock with respect to exports is 0.78 and highly significant. Separate estimates by destination country yield the same result that exports cause outward FDI but the effect is only significant for the CEE countries and other developed countries (i.e., USA, Japan, Canada, Switzerland, Norway, etc.).","onlinedate":"2008-11-13 01:00:00","lang":"English","publication_series":"FIW \u2013 Forschungsschwerpunkt Internationale Wirtschaft","publication_date":"20080601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"31","keywords":"[\"FIW Foreign Direct Investment\"]","jelcodes":"[]","related_publications":"[]","pdf":331487,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[81966],"research_groups":[3491],"collaboration":"","persons":[4397,4593],"persons_data":"[{\"personId\":4397,\"personName\":\"Martin Falk\",\"organisationNames\":[]},{\"personId\":4593,\"personName\":\"Mariya Hake\",\"organisationNames\":[]}]","clients":[61507],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_bookanthology rendering_apa rendering_bookanthology_apa\\\"><span>Falk, M.<\\\/span><span>, &amp; Hake, M.<\\\/span> (2008). <span><em>A Panel Data Analysis on FDI and Exports<\\\/em><\\\/span>. (FIW \u2013 Forschungsschwerpunkt Internationale Wirtschaft). WIFO. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.fiw.ac.at\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.fiw.ac.at<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_bookanthology rendering_vancouver rendering_bookanthology_vancouver\\\"><span>Falk M<\\\/span><span>, Hake M<\\\/span>. <span class=\\\"title\\\"><span>A Panel Data Analysis on FDI and Exports<\\\/span><\\\/span>. WIFO; 2008.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_bookanthology rendering_bibtex rendering_bookanthology_bibtex\\\"><div>@book{b300da864a0c4c9e9ece7f770fa140ed,<\\\/div><div>  title     = \\\"A Panel Data Analysis on FDI and Exports\\\",<\\\/div><div>  abstract  = \\\"The paper investigates the link between exports and the outward FDI stock using a panel of industries and seven EU countries for the period 1973\u20132004. In particular, we use the panel causality tests developed by Holtz-Eakin, Newey, and Rosen (1988). Estimates using system GMM estimators show that exports cause FDI but not vice versa. The long-run elasticity of the outward FDI stock with respect to exports is 0.78 and highly significant. Separate estimates by destination country yield the same result that exports cause outward FDI but the effect is only significant for the CEE countries and other developed countries (i.e., USA, Japan, Canada, Switzerland, Norway, etc.).\\\",<\\\/div><div>  keywords  = \\\"FIW Foreign Direct Investment, FIW Foreign Direct Investment\\\",<\\\/div><div>  author    = \\\"Martin Falk and Mariya Hake\\\",<\\\/div><div>  year      = \\\"2008\\\",<\\\/div><div>  month     = jun,<\\\/div><div>  language  = \\\"English\\\",<\\\/div><div>  series    = \\\"FIW \u2013 Forschungsschwerpunkt Internationale Wirtschaft\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_bookanthology rendering_ris rendering_bookanthology_ris\\\"><p>TY  - BOOK<\\\/p><p>T1  - A Panel Data Analysis on FDI and Exports<\\\/p><p>AU  - Falk, Martin<\\\/p><p>AU  - Hake, Mariya<\\\/p><p>PY  - 2008\\\/6<\\\/p><p>Y1  - 2008\\\/6<\\\/p><p>N2  - The paper investigates the link between exports and the outward FDI stock using a panel of industries and seven EU countries for the period 1973\u20132004. In particular, we use the panel causality tests developed by Holtz-Eakin, Newey, and Rosen (1988). Estimates using system GMM estimators show that exports cause FDI but not vice versa. The long-run elasticity of the outward FDI stock with respect to exports is 0.78 and highly significant. Separate estimates by destination country yield the same result that exports cause outward FDI but the effect is only significant for the CEE countries and other developed countries (i.e., USA, Japan, Canada, Switzerland, Norway, etc.).<\\\/p><p>AB  - The paper investigates the link between exports and the outward FDI stock using a panel of industries and seven EU countries for the period 1973\u20132004. In particular, we use the panel causality tests developed by Holtz-Eakin, Newey, and Rosen (1988). Estimates using system GMM estimators show that exports cause FDI but not vice versa. The long-run elasticity of the outward FDI stock with respect to exports is 0.78 and highly significant. Separate estimates by destination country yield the same result that exports cause outward FDI but the effect is only significant for the CEE countries and other developed countries (i.e., USA, Japan, Canada, Switzerland, Norway, etc.).<\\\/p><p>KW  - FIW Foreign Direct Investment<\\\/p><p>KW  - FIW Foreign Direct Investment<\\\/p><p>M3  - Study<\\\/p><p>T3  - FIW \u2013 Forschungsschwerpunkt Internationale Wirtschaft<\\\/p><p>BT  - A Panel Data Analysis on FDI and Exports<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A Panel Data Analysis on FDI and Exports - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/112064\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Panel Data Analysis on FDI and Exports\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/112064\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T03:01:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/112064\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/112064\\\/\",\"name\":\"A Panel Data Analysis on FDI and Exports - 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