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Applied Economics Letters Volume 28, 2021 - Issue 13
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Research Article

Population ageing and FDI inflows in OECD countries: a dynamic panel cointegration analysis

Rajarshi Mitraa Institute for International Strategy, Tokyo International University, Kawagoe, JapanCorrespondence[email protected]
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&
Md. Thasinul Abedinb Department of Accounting, Faculty of Business Administration, University of Chittagong, Chittagong, BangladeshView further author information
Pages 1071-1075 | Published online: 27 Jul 2020

References

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  • Choi, I. 2006. “Combination Unit Root Tests for Cross-Sectionally Correlated Panels.” In D. Corbae, S. Durlauf, & B. Hansen (Eds.), Econometric Theory and Practice: Frontiers of Analysis and Applied Research  (pp. 311–333). Cambridge: Cambridge University Press. doi:10.1017/CBO9781139164863.014.
  • Im, K. S., M. H. Pesaran, and Y. Shin. 2003. “Testing for Unit Roots in Heterogeneous Panels.” Journal of Econometrics. 115(1):53–74. doi:10.1016/S0304-4076(03)00092-7
  • Kao, C. 1999. “Spurious Regression and Residual-based Tests for Cointegration in Panel Data.” Journal of Econometrics. 90(1):1–44. doi:10.1016/S0304-4076(98)00023-2
  • Knickerbocker, F. T. 1973. Oligopolistic Reaction and Multinational Enterprise. Cambridge: Harvard University Press.
  • Levin, A., C. F. Lin, and C. J. Chu. 2002. “Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties.” Journal of Econometrics. 108(1):1–24. doi:10.1016/S0304-4076(01)00098-7
  • Mitra, R., and T. Abedin. 2020. “Population Ageing and FDI Inflows in Japan: ARDL Approach to Cointegration Analysis.” Economics Bulletin. 40(2):1814–1825.
  • Modigliani, F., and R. Brumberg. 1954. “Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data.” In K. K. Kurihara, edited by. Post-Keynesian Economics. New Brunswick: Rutgers University Press; p. 388–436.
  • Narciso, A. 2010. “The Impact of Population Ageing on International Capital Flows.” MPRA Paper 26457, Germany: University Library of Munich.
  • Tomohara, A. 2017. “Does Immigration Crowd Out Foreign Direct Investment Inflows? Tradeoff between Contemporaneous FDI-immigration Substitution and Ethnic Network Externalities.” Economic Modelling. 64(C):40–47. doi:10.1016/j.econmod.2017.03.008

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