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Is the evolution of India’s Outward FDI consistent with Dunning’s Investment Development Path sequence?

Research output: Working paper

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Is the evolution of India’s Outward FDI consistent with Dunning’s Investment Development Path sequence? / Virmani, Swati; Amann, Edmund.

Lancaster : Lancaster University, Department of Economics, 2015. (Economics Working Paper Series).

Research output: Working paper

Harvard

Virmani, S & Amann, E 2015 'Is the evolution of India’s Outward FDI consistent with Dunning’s Investment Development Path sequence?' Economics Working Paper Series, Lancaster University, Department of Economics, Lancaster.

APA

Virmani, S., & Amann, E. (2015). Is the evolution of India’s Outward FDI consistent with Dunning’s Investment Development Path sequence? (Economics Working Paper Series). Lancaster University, Department of Economics.

Vancouver

Virmani S, Amann E. Is the evolution of India’s Outward FDI consistent with Dunning’s Investment Development Path sequence? Lancaster: Lancaster University, Department of Economics. 2015. (Economics Working Paper Series).

Author

Virmani, Swati ; Amann, Edmund. / Is the evolution of India’s Outward FDI consistent with Dunning’s Investment Development Path sequence?. Lancaster : Lancaster University, Department of Economics, 2015. (Economics Working Paper Series).

Bibtex

@techreport{b205e55422f447479adca5ae761834e6,
title = "Is the evolution of India{\textquoteright}s Outward FDI consistent with Dunning{\textquoteright}s Investment Development Path sequence?",
abstract = "This paper examines whether India{\textquoteright}s Outward Foreign Direct Investment (OFDI) pattern is consistent with Dunning{\textquoteright}s Investment Development Path (IDP) sequence using macro data over the period 1980-2010. We test whether the level of development - proxied by GDP per capita - is the main factor explaining OFDI, and augment the IDP by studying other major determinants such as Exports, Inward FDI (IFDI), Human Capital, and R&D using the Cointegration and Error Correction Model techniques. Our results support the main proposition of the IDP, but also highlight the importance of other factors. We also find that OFDI Granger-causes R&D, suggesting a possibility of reverse technology spillover.",
keywords = "Outward FDI, Investment Development Path, Error Correction Model, Granger Causality, Reverse Technology Spillovers",
author = "Swati Virmani and Edmund Amann",
year = "2015",
language = "English",
series = "Economics Working Paper Series",
publisher = "Lancaster University, Department of Economics",
type = "WorkingPaper",
institution = "Lancaster University, Department of Economics",

}

RIS

TY - UNPB

T1 - Is the evolution of India’s Outward FDI consistent with Dunning’s Investment Development Path sequence?

AU - Virmani, Swati

AU - Amann, Edmund

PY - 2015

Y1 - 2015

N2 - This paper examines whether India’s Outward Foreign Direct Investment (OFDI) pattern is consistent with Dunning’s Investment Development Path (IDP) sequence using macro data over the period 1980-2010. We test whether the level of development - proxied by GDP per capita - is the main factor explaining OFDI, and augment the IDP by studying other major determinants such as Exports, Inward FDI (IFDI), Human Capital, and R&D using the Cointegration and Error Correction Model techniques. Our results support the main proposition of the IDP, but also highlight the importance of other factors. We also find that OFDI Granger-causes R&D, suggesting a possibility of reverse technology spillover.

AB - This paper examines whether India’s Outward Foreign Direct Investment (OFDI) pattern is consistent with Dunning’s Investment Development Path (IDP) sequence using macro data over the period 1980-2010. We test whether the level of development - proxied by GDP per capita - is the main factor explaining OFDI, and augment the IDP by studying other major determinants such as Exports, Inward FDI (IFDI), Human Capital, and R&D using the Cointegration and Error Correction Model techniques. Our results support the main proposition of the IDP, but also highlight the importance of other factors. We also find that OFDI Granger-causes R&D, suggesting a possibility of reverse technology spillover.

KW - Outward FDI

KW - Investment Development Path

KW - Error Correction Model

KW - Granger Causality

KW - Reverse Technology Spillovers

M3 - Working paper

T3 - Economics Working Paper Series

BT - Is the evolution of India’s Outward FDI consistent with Dunning’s Investment Development Path sequence?

PB - Lancaster University, Department of Economics

CY - Lancaster

ER -