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dc.contributor.authorDavies, Ronald B.
dc.contributor.authorIonascu, Delia
dc.contributor.authorKristjánsdóttir, Helga
dc.date.accessioned2007-10-24T19:33:59Z
dc.date.available2007-10-24T19:33:59Z
dc.date.issued2007-05
dc.identifier.urihttp://hdl.handle.net/1794/5130
dc.description37 p.en
dc.description.abstractThis paper applies the panel fixed effects with vector decomposition estimator to three FDI datasets to estimate the impact of time-invariant variables on FDI while including fixed effects. We find that the omission of fixed effects significantly biases several of these variables, especially those proxying for trade costs and culture. After including fixed effects, we find that many time-invariant variables indicate the importance of vertical FDI. We also find that by eliminating these biases, the differences across datasets largely disappear. Thus, controversies in the literature that are driven by differences in data sets may be resolved by using this estimation technique.en
dc.format.extent178846 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen
dc.publisherUniversity of Oregon, Dept of Economicsen
dc.relation.ispartofseriesUniversity of Oregon Economics Department Working Papers ; 2007-8en
dc.subjectForeign direct investmenten
dc.subjectTrade costsen
dc.subjectCultureen
dc.titleEstimating the Impact of Time-Invariant Variables on FDI with Fixed Effectsen
dc.typeWorking Paperen


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