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  • Outward foreign direct investments and merchandise exports : the European OECD countries
    Bojnec, Štefan ; Fertő, Imre
    This paper tests whether outward foreign direct investments (FDI) serve as complements or substitutes to merchandise exports. A direct link between outward FDI and country-level merchandise bilateral ... exports between the European Organisation for Economic Cooperation and Development (OECD) countries is tested using a gravity model and four different econometric approaches with panel data analysis for the period 2004-2008. The model is specified with traditional gravity variables for gross domestic product and distance, and the variables of specific interest for outward FDI and related characteristics of countries and country pairs. We find that outward FDI reduces merchandise exports as there is a direct, negative outward FDI effect on the increase in bilateral merchandise exports. Internationalization of enterprises and economies through outward FDI serves as the merchandise exports substitutes likely causing home country regional production and employment.
    Source: Romanian Journal of Economic Forecasting. - ISSN 1582-6163 (Vol. 17, iss. 2, 2014, str. 87-99)
    Type of material - article, component part
    Publish date - 2014
    Language - english
    COBISS.SI-ID - 1536617924

    Link(s):

    http://www.ipe.ro/rjef/rjef2_14/rjef2_2014p87-99.pdf

source: Romanian Journal of Economic Forecasting. - ISSN 1582-6163 (Vol. 17, iss. 2, 2014, str. 87-99)

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