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Explorando las relaciones de la Inversión Extranjera Directa en España desde los años 70: el enfoque ARDL
[Exploring the linkages of Foreign Direct Investment in Spain since 1970’s: an ARDL approach]

Author

Listed:
  • Julio Tascón Fernández

    (Departamento de Economía, Facultad de Economía y Empresa, Universidad de Oviedo.)

  • María Gómez Martín

    (Departamento de Economía, Facultad de Economía y Empresa, Universidad de Oviedo.)

Abstract

En este trabajo se analiza la relación entre la inversión extranjera directa (IED), las exportaciones y el crecimiento económico en España a partir de series temporales anuales correspondientes al período 1970-2018. Para ello se lleva a cabo un contraste de bandas (bound testing), formulando posteriormente un modelo autorregresivo con retardos distribuidos (ARDL). Los resultados confirman una relación a largo plazo entre las variables examinadas. La prueba de causalidad de Granger indica una fuerte causalidad unidireccional entre la IED y las exportaciones con dirección desde la primera hacia la segunda. Además, se obtiene que la causalidad de Granger no es significativa entre la IED y el crecimiento económico y viceversa.

Suggested Citation

  • Julio Tascón Fernández & María Gómez Martín, 2020. "Explorando las relaciones de la Inversión Extranjera Directa en España desde los años 70: el enfoque ARDL [Exploring the linkages of Foreign Direct Investment in Spain since 1970’s: an ARDL approac," Papeles de Europa, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Estudios Internacionales (ICEI), vol. 33(1), pages 39-54.
    • Handle: RePEc:ucm:padeur:v:33:y:2020:i:1:p:39-54
    DOI: 10.5209/pade.63910
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    More about this item

    Keywords

    Inversión Extranjera Directa; Exportaciones; Importaciones; PIB; Modelo ARDL; Causalidad.;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F10 - International Economics - - Trade - - - General
    • F30 - International Economics - - International Finance - - - General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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