Investissement direct à l'étranger et performance à l'exportation
Raphaël Chiappini ()
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This study investigates the relationship between outward foreign direct investment (FDI) stock and bilateral export flows of the three largest exporter of the euro area. Using a dynamic panel model relying on the system GMM estimator, we find strong evidence of a complementarity relationship between FDI and trade for Germany, especially with emerging countries. Results concerning France are less robust and only show a weak positive effect of FDI on trade with emerging economies. Finally, exports and FDI are found to be substitutes for Italy with high income economies.
Keywords: Foreign direct investment; exports; dynamic panel data model; Investissement direct à l'étranger; exportations; modèle économétrique en panel dynamique (search for similar items in EconPapers)
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Published in Revue Française d'Economie, Association Française d'Économie, 2014, 28 (3), pp.119-164
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Journal Article: Investissement direct à l'étranger et performance à l'exportation (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00923589
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