FOREIGN DIRECT INVESTMENT (FDI) IN ROMANIA. EMPIRICAL EVIDENCE USING RESTRICTED AND UNRESTRICTED ECM MODELS

Dalina Andrei

Internal Auditing & Risk Management, 2014, vol. 34, issue 1, 7-18

Abstract: This article examines the FDI in Romania using the autoregressive distributed lag model (ARDL) compared with conventional (error correction model) ECM. The results based on the bounds testing procedure implemented by Pesaran in 2001, confirm that a stable, long-run relationship exists between FDI and GDP, trade and labour in Romania. Our results also reveal that after applying the ARDL model we obtain the same results of long run association as in applying the conventional ECM models.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://univath.ro/uploads/journal/779_Nr_2_34__2014_7-18.pdf (application/pdf)
https://univath.ro/uploads/journal/779_Nr_2_34__2014_7-18.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ath:journl:v:34:y:2014:i:1:p:7-18

Access Statistics for this article

Internal Auditing & Risk Management is currently edited by Adrian Nicolau

More articles in Internal Auditing & Risk Management from Athenaeum University of Bucharest
Bibliographic data for series maintained by Adrian Nicolau ().