productivity for a sample of 33 developing countries over the period 1980-2005. Using panel cointegration techniques, we find that … openness in the home country. -- outward FDI ; total factor productivity ; developing countries ; panel cointegration …: (i) outward FDI has, on average, a positive long-run effect on total factor productivity in developing countries, (ii …

. Endogeneity problem is solved by using panel cointegration estimation technique which made our study different from previous. The …

Using panel data, this paper tests whether foreign, public, and private capital have a positive and significant effect … on aggregate output and labor productivity for Mexico during the 1960-2001 period. The richer information set made … Least Squares (FMOLS) procedure developed by Pedroni to generate consistent estimates of the relevant panel variables in the …