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http://hdl.handle.net/10419/4290
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| Title: | | Inward FDI, value added and employment in US states: A panel cointegration approach  |
| Authors: | | Ajaga, Elias Nunnenkamp, Peter |
| Issue Date: | | 2008 |
| Citation: | | [Series:] Kiel working paper [Editor:] Institut für Weltwirtschaft, Kiel [No.:] 1420 |
| Series/Report no.: | | Kieler Arbeitspapiere 1420 |
| Abstract: | | This study investigates the long-run relationships between inward FDI and economic outcomes in terms of value added and employment at the level of US states. Johansen's (1988) cointegration technique and Toda and Yamamoto's (1995) Granger causality tests are applied to data for the period of 1977 to 2001. We find cointegration as well as two-directional causality between FDI and outcome variables. This holds for both measures of FDI (stocks and employment in foreign affiliates) and independently of whether we consider the states' overall economy or their manufacturing sector. |
| Subjects: | | FDI stocks FDI-related employment Gross state product Manufacturing Granger causality |
| JEL: | | O51 F23 O18 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
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