Impact of Capital Inflows on Domestic Investment: Evidence from Panel Data

The Impact of Human Capital on FDI with New Evidence from Bootstrap Panel Granger Causality Analysis

T his study evaluates the causality relationship between human capital and foreign direct investment inflow in twenty-six OIC (the Organization of Islamic Cooperation) countries over the period 1970–2014. We employed the panel Granger non-causality testing approach of Kònya (2006) that is based on seemingly unrelated regression (SUR) systems, and Wald tests with country specific boot...

Impact of Financial Development on CO2 Emissions: Panel Data Evidence from Iran’s Economic Sectors

Introduction: The national trend indicates that various provinces of Iran have experienced in attaining economic growth exclusive of parallel observing a boost in CO2 emissions. It is clear that the effects of CO2 emissions on health indicators such as death rate, infant mortality, and health expenditures have been ignored by policy makers over the last decade.   Methods: This study for ...

International Capital Mobility: Evidence from Panel Data

Krol (1996) reports estimates of the saving-investment correlation, based on panel regressions, that are much lower than commonly found in the literature. This note argues that this low estimate is not related to the panel estimation technique, as Krol claims, but largely to the inclusion of Luxembourg in the sample. Panel estimation only reduces the correlation’s estimate by about 0.12. Octobe...

Capital inflows and investment in developing countries

The Impact of Double Taxation Treaties on Foreign Direct Investment: Evidence from Large Dyadic Panel Data

To increase inward foreign direct investment (FDI), policy makers increasingly resort to the ratification of double taxation treaties (DTTs). However, the effectiveness of DTTs in inducing higher FDI is still open to debate, as the empirical evidence of existing studies is anything but conclusive. In contrast to earlier approaches, we use a largely unpublished dataset on bilateral FDI stocks, c...