Substitution between inward and outward foreign direct investment
Dagsetning
Höfundar
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Útdráttur
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.
Lýsing
Efnisorð
Foreign direct investment, Gravity model, Knowledge-capital model, Simultaneous equations, SDG 7 - Affordable and Clean Energy, SDG 10 - Reduced Inequalities, SDG 5 - Gender Equality, SDG 13 - Climate Action, SDG 6 - Clean Water and Sanitation, SDG 8 - Decent Work and Economic Growth, SDG 1 - No Poverty, SDG 9 - Industry, Innovation, and Infrastructure
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