Are Shocks To Foreign Investment In Developing Countries Permanent Or Temporary? : Evidence From Panel Unit Root Tests
C23; F21; Foreign investment; Panel unit root
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. © Elsevier Science B.V.
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Strazicich, Mark C.; Co, Catherine Y.; and Lee, Junsoo, "Are Shocks To Foreign Investment In Developing Countries Permanent Or Temporary? : Evidence From Panel Unit Root Tests" (2001). Scopus Export 2000s. 294.