Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18411
Authors: 
Herzer, Dierk
Schrooten, Mechthild
Year of Publication: 
2007
Series/Report no.: 
DIW Discussion Papers 679
Abstract: 
This paper examines the impact of outward foreign direct investment (OFDI) on domestic investment by applying co-integration techniques to macroeconomic time series data for the United Sates and Germany. We show that the two countries differ: In the case of the US, OFDI has positive long-run effects on domestic investment while in the case of Germany the reverse effect is reported.
Subjects: 
Foreign Direct Investment
Investment
Open Economy Macroeconomics
JEL: 
F41
E22
F21
Document Type: 
Working Paper

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