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| Author: | Egger, P. |
| Title: | European Exports and Outward Foreign Direct Investment: A Dynamic Panel Data Approach |
| Journal: | Weltwirtschaftliches Archiv
2001 : VOL. 137:3, p. 427-449 |
| Index terms: | EXPORTS FOREIGN INVESTMENT INVESTMENT |
| Language: | eng |
| Abstract: | Up to now, empirical research on bilateral economic relationships has mostly followed the lines of a gravity model either in its "classical" or the now more accepted New Trade Theory-based formulation. However, more recent theoretical studies of multinationals and trade have found that the same exogenous factors are at work in determining trade and multinational activities, an aspect that has so far had little impact on the empirical analysis of bilateral economic relationships. Two caveats can be raised from an econometric point of view with respect to the results of most of the available empirical analyses on bilateral economic relations. |
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