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Understanding german fdi in latin america and asia: a comparison of glm estimators

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Understanding german fdi in latin america and asia: a comparison of glm estimators

dc.contributor.author	Camarero, Mariam
dc.contributor.author	Montolio, Laura
dc.contributor.author	Tamarit Escalona, Cecilio Ricardo
dc.date.accessioned	2022-05-05T08:38:00Z
dc.date.available	2022-05-06T04:45:06Z
dc.date.issued	2020	es_ES
dc.identifier.citation	Camarero M, Montolio L, Tamarit C. Understanding German FDI in Latin America and Asia: A Comparison of GLM Estimators. Economies. 2020; 8(1):19.	es_ES
dc.identifier.uri	https://hdl.handle.net/10550/82592
dc.description.abstract	The growth of Foreign Direct Investment (FDI) in developing countries over the last decade has attracted an intense academic and policy-oriented interest for its determinants. Despite the gravity model being considered a useful tool to approximate bilateral FDI flows, the literature has seen a growing debate in relation to its econometric specification, so that which is the best estimator for the gravity equation is far from conclusive. This paper examines the determinants of German outward FDI in Latin America and Asia for the period 1996-2012 by evaluating the performance of alternative Generalized Linear Model (GLM) estimators. Our findings indicate that Negative Binomial Pseudo Maximum Likelihood (NBPML) is the estimator best matched to our data, followed by Gamma Pseudo Maximum Likelihood (GPML). Furthermore, German FDI in Latin America is found to be predominantly vertical in nature, whereas that in Asia is mainly market-seeking.	es_ES
dc.language.iso	en	es_ES
dc.subject	fdi determinants	es_ES
dc.subject	outward foreign direct investment	es_ES
dc.subject	germany	es_ES
dc.subject	gravity models	es_ES
dc.subject	generalized linear models	es_ES
dc.title	Understanding german fdi in latin america and asia: a comparison of glm estimators	es_ES
dc.type	journal article	es_ES
dc.subject.unesco	UNESCO::CIENCIAS ECONÓMICAS	es_ES
dc.identifier.doi	10.3390/economies8010019	es_ES
dc.accrualmethod	S	es_ES
dc.embargo.terms	0 days	es_ES