FOREIGN DIRECT INVESTMENT (FDI) IN ROMANIA. EMPIRICAL EVIDENCE USING RESTRICTED AND UNRESTRICTED ECM MODELS
Published: 2014-01-01
Volume: No 34 - June 2014
Pages: 7|18
Authors
- PhD. Dalina Maria ANDREI — Institute of Economic Forecasting, Romanian Academy
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.
Keywords: FDI, ECM model, ARDL model
Cite this article
APA: PhD. Dalina Maria ANDREI (2014). FOREIGN DIRECT INVESTMENT (FDI) IN ROMANIA. EMPIRICAL EVIDENCE USING RESTRICTED AND UNRESTRICTED ECM MODELS. Internal Auditing & Risk Management, Vol. 34, No. 34, pp. 7-18.
BibTeX:
@article{phddalinamariaandrei2014352,
title = {FOREIGN DIRECT INVESTMENT (FDI) IN ROMANIA. EMPIRICAL EVIDENCE USING RESTRICTED AND UNRESTRICTED ECM MODELS},
author = {PhD. Dalina Maria ANDREI},
journal = {Internal Auditing & Risk Management},
year = {2014},
volume = {34},
pages = {7----18},
doi = {}
}