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Foreign Direct Investment and Exports: Complementarity or Substitutability An Empirical Investigation

Year 2015, Volume: 5 Issue: 4, 933 - 941, 01.12.2015

Hela Bouras Bechir Raggad

Abstract

The relationship between trade and direct investment, which is one of the main features of globalization, is complex and cannot be deducted from a purely theoretical analysis. The present paper seeks to lay the analytical foundation that would define the nature of the relationship – be it complementary or substitutive - between Exports and Foreign Direct Investment (FDI). The purpose of our use of disaggregate sectoral database is to explore these issues econometrically while analyzing and decomposing the nature of the relationship between FDI and exports. The estimation results showed a complementary effect or a ripple effect between Exports and FDI at the macro level for both manufactured and non-manufacturing sectors. Our findings have also been supported by predominant literature which finds positive relationships between FDI and exports.

Keywords

FDI Exports Substitutability Complementarity manufacturing non-manufacturing.

Year 2015, Volume: 5 Issue: 4, 933 - 941, 01.12.2015

Hela Bouras Bechir Raggad

Abstract

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Details

Other ID JA43BP63UN
Journal Section Research Article
Authors

Hela Bouras This is me

Bechir Raggad This is me

Publication Date December 1, 2015
Published in Issue Year 2015 Volume: 5 Issue: 4

Cite

APA Bouras, H., & Raggad, B. (2015). Foreign Direct Investment and Exports: Complementarity or Substitutability An Empirical Investigation. International Journal of Economics and Financial Issues, 5(4), 933-941.
AMA Bouras H, Raggad B. Foreign Direct Investment and Exports: Complementarity or Substitutability An Empirical Investigation. IJEFI. December 2015;5(4):933-941.
Chicago Bouras, Hela, and Bechir Raggad. “Foreign Direct Investment and Exports: Complementarity or Substitutability An Empirical Investigation”. International Journal of Economics and Financial Issues 5, no. 4 (December 2015): 933-41.
EndNote Bouras H, Raggad B (December 1, 2015) Foreign Direct Investment and Exports: Complementarity or Substitutability An Empirical Investigation. International Journal of Economics and Financial Issues 5 4 933–941.
IEEE H. Bouras and B. Raggad, “Foreign Direct Investment and Exports: Complementarity or Substitutability An Empirical Investigation”, IJEFI, vol. 5, no. 4, pp. 933–941, 2015.
ISNAD Bouras, Hela - Raggad, Bechir. “Foreign Direct Investment and Exports: Complementarity or Substitutability An Empirical Investigation”. International Journal of Economics and Financial Issues 5/4 (December 2015), 933-941.
JAMA Bouras H, Raggad B. Foreign Direct Investment and Exports: Complementarity or Substitutability An Empirical Investigation. IJEFI. 2015;5:933–941.
MLA Bouras, Hela and Bechir Raggad. “Foreign Direct Investment and Exports: Complementarity or Substitutability An Empirical Investigation”. International Journal of Economics and Financial Issues, vol. 5, no. 4, 2015, pp. 933-41.
Vancouver Bouras H, Raggad B. Foreign Direct Investment and Exports: Complementarity or Substitutability An Empirical Investigation. IJEFI. 2015;5(4):933-41.