Trade & FDI in Petroleum Exporting Countries: Complements or Substitutes?
Trade & FDI in Petroleum Exporting Countries: Complements or Substitutes?
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贸易
DOI：
10.2139/ssrn.868989
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发表时间：
2005
期刊：
影响因子：
--
通讯作者：
S. Vavilov
中科院分区：
文献类型：
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作者：
S. Vavilov
本文对外商直接投资与国际贸易之间的关系进行了计量经济学分析。理论认为，出口/进口与外国直接投资之间的互补性或可替代性取决于外国直接投资的类型和分解程度。然而，大多数实证研究很少发现可替代性效应。小组数据估计的结果表明，外国直接投资与前苏联石油出口国的贸易之间是可替代的，同一区域其他国家之间是互补的。还发现，这种影响在五个最大的石油出口国和中欧和东欧的其他转型经济体中重复出现。
The paper presents econometric analysis of relationship between foreign direct investment and international trade. Theory suggests that complementarity or substitutability between exports/imports and FDI depend on types of FDI and disaggregation level. Nevertheless, most empirical works find very seldom substitutability effects. The results of panel data estimation show substitutability between FDI and trade in petroleum exporters of ex-USSR and complementarity in the rest of the countries of the same region. Also found that such effects are repeated in five biggest petroleum exporters and other transition economies of Central and Eastern Europe.