Outward FDI and Domestic Investment

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.

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Year of publication:	2007
Authors:	Herzer, Dierk ; Schrooten, Mechthild
Publisher:	Berlin : Deutsches Institut für Wirtschaftsforschung (DIW)
Subject:	Direktinvestition \| Investition \| Offene Volkswirtschaft \| Vergleich \| Deutschland \| USA \| Foreign Direct Investment \| Investment \| Open Economy Macroeconomics

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Series:	DIW Discussion Papers ; 679
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	527053287 [GVK] hdl:10419/18411 [Handle] RePEc:diw:diwwpp:dp679 [RePEc]
Classification:	F41 - Open Economy Macroeconomics ; E22 - Capital; Investment (including Inventories); Capacity ; F21 - International Investment; Long-Term Capital Movements
Source:	EconStor

Persistent link: https://www.econbiz.de/10010260909