important for developing countries. In this respect, it is necessary to study the impact of foreign direct investment (FDI) on … the period 1975-2009. Our empirical results thus suggest that FDI could help boost the process of long-term economic … growth. -- foreign direct investment ; economic growth ; cointegration approach …

of positive and negative effects of trade/FDI on output activity for a system of interconnected regions. -- Cointegration …For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently … included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both …

Western European countries between 1990 and 2006 and uses the latest developments in panel unit root and cointegration testing … to disentangle the effects of international spillovers via trade and FDI. My findings show that imports remain the main … channel of diffusion for both sets of countries, while FDI, although significant econometrically, has less quantitative impact …