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Direct Foreign Investment and International Trade in Spain

In: European Integration and the Iberian Economies

Author

Listed:
  • Francisco Caballero Sanz
  • Angel Ortí Lahoz
  • Vicente Orts Rios

Abstract

The purpose of this chapter is to examine the empirical evidence on the substitutability or complementarity between long run capital movemets to and from Spain and the Spanish foreign trade. Although foreign investments in Spain and Spanish investments abroad have been extensively studied in the past(1), very little attention has been devoted to the question we want to face in this chapter. These papers have been basically descriptive and only in a few cases, have they inquired about the reasons for those capital movements. As far as we know, there has only been one paper by Arraíza and Lafuente(2) in which these two authors try to find some characteristics of Spanish investments abroad. However, this is made within the framework of the analysis of a sample of some large Spanish firms. To our knowledge nothing else has been, done for the Spanish industry as a whole.

Suggested Citation

  • Francisco Caballero Sanz & Angel Ortí Lahoz & Vicente Orts Rios, 1989. "Direct Foreign Investment and International Trade in Spain," Palgrave Macmillan Books, in: George N. Yannopoulos (ed.), European Integration and the Iberian Economies, chapter 8, pages 227-253, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-09712-8_8
    DOI: 10.1007/978-1-349-09712-8_8
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    Cited by:

    1. Misala, Józef, 1992. "The experience of the Mediterranean countries with accession to the European Communities: Lessons for Poland," Kiel Working Papers 511, Kiel Institute for the World Economy (IfW Kiel).

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