Abdul, waheed and Syed tehseen, jawaid (2010): Inward foreign direct investment and aggregate imports: time series evidence from Pakistan.
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This study investigates the impact of inward foreign direct investment (FDI) on aggregate imports in Pakistan using the annual time series data for the period 1981 to 2007. The cointegration results suggest that there exists a unique significant positive long-run equilibrium relationship between inward FDI and aggregate imports in Pakistan. The respective parsimonious short-term dynamic error-correction model also confirms a significant positive short run relationship with high speed of adjustment. The causality result shows unidirectional causality running from inward FDI to aggregate imports in the country. The sensitivity analysis confirms that the results are robust.
|Item Type:||MPRA Paper|
|Original Title:||Inward foreign direct investment and aggregate imports: time series evidence from Pakistan|
|Keywords:||Inward FDI, Imports, Cointegration, Causality|
|Subjects:||F - International Economics > F1 - Trade > F10 - General
C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment ; Long-Term Capital Movements
|Depositing User:||Syed Tehseen Jawaid|
|Date Deposited:||14. Jun 2011 15:26|
|Last Modified:||11. Feb 2013 22:17|
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