Understanding German FDI in Latin America and Asia: A comparison of GLM estimators
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadades
Títol
Understanding German FDI in Latin America and Asia: A comparison of GLM estimatorsData de publicació
2020-03-10Editor
MDPICita bibliogràfica
CAMARERO, Mariam; MONTOLIO, Laura; TAMARIT, Cecilio (2020). Understanding German FDI in Latin America and Asia: A comparison of GLM estimators. Economies, v. 8, n. 1, art. 19Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
https://www.mdpi.com/2227-7099/8/1/19Versió
info:eu-repo/semantics/publishedVersionParaules clau / Matèries
Resum
ThegrowthofForeignDirectInvestment(FDI)indevelopingcountriesoverthelastdecade has attracted an intense academic and policy-oriented interest for its determinants. Despite the gravity model being considered a useful ... [+]
ThegrowthofForeignDirectInvestment(FDI)indevelopingcountriesoverthelastdecade has attracted an intense academic and policy-oriented interest for its determinants. Despite the gravity model being considered a useful tool to approximate bilateral FDI flows, the literature has seen a growing debate in relation to its econometric specification, so that which is the best estimator for the gravity equation is far from conclusive. This paper examines the determinants of German outward FDI in Latin America and Asia for the period 1996-2012 by evaluating the performance of alternative Generalized Linear Model (GLM) estimators. Our findings indicate that Negative Binomial Pseudo Maximum Likelihood (NBPML) is the estimator best matched to our data, followed by Gamma Pseudo Maximum Likelihood (GPML). Furthermore, German FDI in Latin America is found to be predominantly vertical in nature, whereas that in Asia is mainly market-seeking. [-]
Publicat a
Economies (2020), v. 18, n. 1Proyecto de investigación
1) EU (ERDF, ESF) and the AEI-Spanish Ministry of Economy and Competitiveness (BES-2015-072395 and ECO2014-58991-C3-2-R and ECO2017-83255-C3-3-P projects); 2)Valencian regional government (Generalitat Valenciana-PROMETEO 2018/102 project); 3) European Commission project 611032-EPP-1-2019-1-ES-EPPJMO-CoE.Drets d'accés
info:eu-repo/semantics/openAccess
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