Bajo-Rubio, Oscar; Montero-Muñoz, María - In: Open Economies Review 12 (2001) 3, pp. 305-323
In this article, we analyze the relationship between outward foreign direct investment (FDI) and exports, using Spanish quarterly data for the period 1977–1998, by means of Granger causality tests in a cointegration framework. Our results point to the existence of a relationship of...