This article examines the effects of greenfield investment and M&As on domestic investment using panel data for 100 developing countries for the period 2003 to 2011. It is shown that while cross-border M&As do not have a significant effect on domestic investment, greenfield FDI has a large...

This article uses panel cointegration and causality techniques to examine the long run relationship between foreign aid and private investment. Our main result is that aid has a statistically significant negative effect on private investment. This result is robust to outliers, different measures...

This article examines the long-run effect of outward Foreign Direct Investment (FDI) on domestic output in developing countries. Using panel cointegration techniques, we find a significant positive long-run effect.

The objective of this article is twofold. First, it is to study the applicability of the widely used Autoregressive Distributed Lag Model (ARDL) in a pooled data setting. Second, it is to analyse Chile's market shares in the EU during the period 1988 to 2002, pointing to application problems...

It is frequently suggested that export diversification contributes to an acceleration of growth in developing countries. Horizontal export diversification into completely new export sectors may generate positive externalities on the rest of the economy as export oriented sectors gain from...

This study examines the export-led growth hypothesis using annual time series data from Chile in a production function framework. It addresses the problem of specification bias under which previous studies have suffered, and focuses on the impact of manufactured and mining exports on...

Using cointegration and causality techniques, we find for Ireland that there is a negative long-run relationship between union density and income inequality and that causality runs in both directions.

This article examines the long-term impact of government transfers on poverty in the United States using cointegration techniques. In contrast to most existing studies, we find that government transfers play an important poverty-reducing role.

This note analyses the long-run impact of trade on population health by applying cointegration techniques to US time series data for the period 1960 to 2011. Despite the concerns of many commentators and observers, it is found that trade has a positive and significant long-run impact on...

This study examines the long-run relationship between Chilean exports and imports during the 1975 to 2004 period using unit root tests and cointegration techniques that allow for endogenously determined structural breaks. The results indicate that there exists a long-run equilibrium between...