Abstract
The purpose of this article is to study outflows of FDI from India and its relationship with inflows of FDI, exports and imports over 1990 through 2007. Using Pesaron's methodology of the paper finds cointegrating relationship between the variables and Granger Causality indicates unidirectional causal relationship between inflow and outflow of FDI from outflow to inflow and between FDI outflow and import from outflow to import while outflow of FDI and export is not found to have any causal relation. These results substantiate on facilitating outflow of capital which would help in the inward flow of capital.
| Original language | English |
|---|---|
| Pages (from-to) | 57-65 |
| Number of pages | 9 |
| Journal | International Research Journal of Finance and Economics |
| Volume | 84 |
| State | Published - Feb 2012 |
Keywords
- Causality
- Cointegration
- FDI outflows
- Pesaron
