Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128679
Authors: 
Egger, Peter
Year of Publication: 
2000
Series/Report no.: 
WIFO Working Papers 129
Abstract: 
This paper implements a panel data approach for studying the determinants of and relationships between bilateral economic activities in terms of both trade and foreign direct investment between the EU member states. The familiar equation for testing the determinants of bilateral exports is reformulated to reflect recent theoretical work. It is specified as a dynamic panel data model designed to answer questions about their relationship according to changes in different exogenous determinants. Exports and stocks of outward FDI are found to be substitutes with respect to changes in transport costs and complements with respect to most of the other determinants.
Subjects: 
gravity equation
panel econometrics
JEL: 
C33
F14
F15
F23
Document Type: 
Working Paper

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