Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7388574 | Russian Journal of Economics | 2017 | 30 Pages |
Abstract
Econometric testing shows that push factors are major determinants of OFDI. The results demonstrate that OFDI is determined by the home country's level of economic development, the size of its home market, and its rate of growth as well as technological variables: OFDI decreases with an increase in the number of scientists in the home economy and with an increase in the share of high-tech products in overall exports, exhibiting a negative technological gap. A lagged relationship between OFDI and previous inward FDI suggests that Mathews' linkage-leverage-learning theory is relevant in the case of PTEs.
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Authors
Wladimir Andreff, Madeleine Andreff,