Are shocks to foreign investment in developing countries permanent or temporary? Evidence from panel unit root tests

Authors
Strazicich, MC Co, CY Lee, JS
Citation
Mc. Strazicich et al., Are shocks to foreign investment in developing countries permanent or temporary? Evidence from panel unit root tests, ECON LETT, 70(3), 2001, pp. 405-412
Citations number
11
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
70
Issue
3
Year of publication
2001
Pages
405 - 412
Database
ISI
SICI code
0165-1765(200103)70:3<405:ASTFII>2.0.ZU;2-H
Abstract
We examine the time path of foreign direct and portfolio investment in deve loping 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. (C) 2001 Elsevier Scienc e B.V. All rights reserved.