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Substitution between inward and outward foreign direct investment

Substitution between inward and outward foreign direct investment


Title: Substitution between inward and outward foreign direct investment
Author: Kristjánsdóttir, Helga
Date: 2012-11-27
Language: English
Scope: 6
School: School of Business and Science
Series: Public and Municipal Finance; 1(2)
ISSN: 2222-1867
DOI: https://doi.org/10.21511/pmf.01(2).2012.03
Subject: Erlendar fjárfestingar; Foreign direct investment; Gravity model; Knowledge-capital model; Simultaneous equations
URI: https://hdl.handle.net/20.500.11815/2786

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Citation:

Kristjánsdóttir , H 2012 , ' Substitution between inward and outward foreign direct investment ' , Public and Municipal Finance , vol. 1 , no. 2 , pp. 23-28 . https://doi.org/10.21511/pmf.01(2).2012.03

Abstract:

This paper offers a new combination of the knowledge-capital and the gravity models. The model combination is applied to a small, remote country, which allows for testing the corner case. Furthermore, the substitution effects between inward and outward foreign direct investment (FDI) are estimated by the use of a simultaneous equation system, and the estimates indicate that inward and outward FDI can be considered to be substitutes for each other.

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