Robust FDI determinants: Bayesian Model Averaging in the presence of selection bias
The literature on Foreign Direct Investment (FDI) determinants is remarkably diverse in terms of competing theories and empirical results. We utilize Bayesian Model Averaging (BMA) to resolve the model uncertainty that surrounds the validity of the competing FDI theories. Since the structure of exis...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Dokumenttyp: | Article (Journal) |
| Sprache: | Englisch |
| Veröffentlicht: |
22 February 2012
|
| In: |
Journal of macroeconomics
Year: 2012, Jahrgang: 34, Heft: 3, Pages: 637-651 |
| ISSN: | 0164-0704 |
| DOI: | 10.1016/j.jmacro.2012.01.010 |
| Online-Zugang: | Verlag, Volltext: https://doi.org/10.1016/j.jmacro.2012.01.010 Verlag, Volltext: http://www.sciencedirect.com/science/article/pii/S0164070412000274 |
| Verfasserangaben: | Theo S. Eicher, Lindy Helfman, Alex Lenkoski |
MARC
| LEADER | 00000caa a2200000 c 4500 | ||
|---|---|---|---|
| 001 | 1667916300 | ||
| 003 | DE-627 | ||
| 005 | 20220816174526.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 190625s2012 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1016/j.jmacro.2012.01.010 |2 doi | |
| 035 | |a (DE-627)1667916300 | ||
| 035 | |a (DE-599)KXP1667916300 | ||
| 035 | |a (OCoLC)1341230125 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 27 |2 sdnb | ||
| 100 | 1 | |a Eicher, Theo S. |e VerfasserIn |0 (DE-588)171485823 |0 (DE-627)061691739 |0 (DE-576)132276453 |4 aut | |
| 245 | 1 | 0 | |a Robust FDI determinants |b Bayesian Model Averaging in the presence of selection bias |c Theo S. Eicher, Lindy Helfman, Alex Lenkoski |
| 264 | 1 | |c 22 February 2012 | |
| 300 | |a 14 | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 500 | |a Gesehen am 25.06.2019 | ||
| 520 | |a The literature on Foreign Direct Investment (FDI) determinants is remarkably diverse in terms of competing theories and empirical results. We utilize Bayesian Model Averaging (BMA) to resolve the model uncertainty that surrounds the validity of the competing FDI theories. Since the structure of existing FDI data is well known to induce selection bias, we extend BMA theory to HeckitBMA in order to address model uncertainty in the presence of selection bias. We show that more than half of the previously suggested FDI determinants are not robust and highlight theories that do receive robust support from the data. Our selection approach allows us to identify the determinants of the margins of FDI (intensive and extensive), which are shown to differ profoundly. Our results suggest a new emphasis in FDI theories that explicitly identify the dynamics of the intensive and extensive FDI margins. | ||
| 650 | 4 | |a Bayesian Model Averaging (BMA) | |
| 650 | 4 | |a FDI determinants | |
| 650 | 4 | |a Selection bias | |
| 700 | 1 | |a Helfman, Lindy |e VerfasserIn |0 (DE-588)1189176343 |0 (DE-627)1667915061 |4 aut | |
| 700 | 1 | |a Lenkoski, Alex |e VerfasserIn |0 (DE-588)116174486X |0 (DE-627)1025194209 |0 (DE-576)506837386 |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of macroeconomics |d Detroit, Mich. : Wayne State University Press, 1979 |g 34(2012), 3, Seite 637-651 |h Online-Ressource |w (DE-627)341349631 |w (DE-600)2067684-0 |w (DE-576)103116109 |x 0164-0704 |7 nnas |a Robust FDI determinants Bayesian Model Averaging in the presence of selection bias |
| 773 | 1 | 8 | |g volume:34 |g year:2012 |g number:3 |g pages:637-651 |g extent:14 |a Robust FDI determinants Bayesian Model Averaging in the presence of selection bias |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Eicher, Theo S. |t Robust FDI determinants |d 2012 |w (DE-627)734911963 |w (DE-576)9734911961 |
| 856 | 4 | 0 | |u https://doi.org/10.1016/j.jmacro.2012.01.010 |x Verlag |x Resolving-System |3 Volltext |
| 856 | 4 | 0 | |u http://www.sciencedirect.com/science/article/pii/S0164070412000274 |x Verlag |3 Volltext |
| 951 | |a AR | ||
| 992 | |a 20190625 | ||
| 993 | |a Article | ||
| 994 | |a 2012 | ||
| 998 | |g 116174486X |a Lenkoski, Alex |m 116174486X:Lenkoski, Alex |d 110000 |d 110200 |d 110000 |d 110400 |e 110000PL116174486X |e 110200PL116174486X |e 110000PL116174486X |e 110400PL116174486X |k 0/110000/ |k 1/110000/110200/ |k 0/110000/ |k 1/110000/110400/ |p 3 |y j | ||
| 999 | |a KXP-PPN1667916300 |e 3489668960 | ||
| BIB | |a Y | ||
| SER | |a journal | ||
| JSO | |a {"physDesc":[{"extent":"14 S."}],"relHost":[{"pubHistory":["1.1979 -"],"part":{"extent":"14","text":"34(2012), 3, Seite 637-651","volume":"34","pages":"637-651","issue":"3","year":"2012"},"note":["Gesehen am 07.04.03"],"type":{"bibl":"periodical","media":"Online-Ressource"},"disp":"Robust FDI determinants Bayesian Model Averaging in the presence of selection biasJournal of macroeconomics","language":["eng"],"recId":"341349631","title":[{"title":"Journal of macroeconomics","title_sort":"Journal of macroeconomics"}],"physDesc":[{"extent":"Online-Ressource"}],"origin":[{"publisherPlace":"Detroit, Mich. ; Amsterdam [u.a.]","dateIssuedDisp":"1979-","dateIssuedKey":"1979","publisher":"Wayne State University Press ; Elsevier Science"}],"id":{"issn":["0164-0704"],"eki":["341349631"],"zdb":["2067684-0"]}}],"origin":[{"dateIssuedKey":"2012","dateIssuedDisp":"22 February 2012"}],"id":{"eki":["1667916300"],"doi":["10.1016/j.jmacro.2012.01.010"]},"name":{"displayForm":["Theo S. Eicher, Lindy Helfman, Alex Lenkoski"]},"note":["Gesehen am 25.06.2019"],"type":{"media":"Online-Ressource","bibl":"article-journal"},"language":["eng"],"recId":"1667916300","title":[{"title_sort":"Robust FDI determinants","subtitle":"Bayesian Model Averaging in the presence of selection bias","title":"Robust FDI determinants"}],"person":[{"role":"aut","display":"Eicher, Theo S.","roleDisplay":"VerfasserIn","given":"Theo S.","family":"Eicher"},{"family":"Helfman","given":"Lindy","roleDisplay":"VerfasserIn","display":"Helfman, Lindy","role":"aut"},{"family":"Lenkoski","given":"Alex","display":"Lenkoski, Alex","roleDisplay":"VerfasserIn","role":"aut"}]} | ||
| SRT | |a EICHERTHEOROBUSTFDID2220 | ||