Are shocks to foreign investment in developing countries permanent or temporary? Evidence from panel unit root tests

    Authors

    M. C. Strazicich; C. Y. Co;J. S. Lee

    Comments

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    Abbreviated Journal Title

    Econ. Lett.

    Keywords

    foreign investment; panel unit root; PURCHASING POWER PARITY; GROWTH; Economics

    Abstract

    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.

    Journal Title

    Economics Letters

    Volume

    70

    Issue/Number

    3

    Publication Date

    1-1-2001

    Document Type

    Article

    Language

    English

    First Page

    405

    Last Page

    412

    WOS Identifier

    WOS:000166847300016

    ISSN

    0165-1765

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