Are shocks to foreign investment in developing countries permanent or temporary? Evidence from panel unit root tests
Abbreviated Journal Title
foreign investment; panel unit root; PURCHASING POWER PARITY; GROWTH; Economics
We examine the time path of foreign direct and portfolio investment in developing countries to test if shocks have permanent or temporary effects. Our findings indicate that shock effects are temporary. The results are robust to the strictness of balance of payment controls. (C) 2001 Elsevier Science B.V. All rights reserved.
"Are shocks to foreign investment in developing countries permanent or temporary? Evidence from panel unit root tests" (2001). Faculty Bibliography 2000s. 2967.