Jain, Vipul; Gopalaswamy, Arun Kumar; Acharya, Debashis - In: International Journal of Economics and Business Research 8 (2014) 1, pp. 1-20
This paper examines the long-run relationship between FDI inflows, FDI outflows and gross fixed capital formation, in a dynamic panel of 22 Asian, Latin American and other emerging market economies. Employing panel cointegration and causality tests, we find a mixed picture of these relationships...