教師資料查詢 | 類別: 期刊論文 | 教師: 林亦珍 Yi-chen Lin (瀏覽個人網頁)

標題:Parameter Heterogeneity in The Foreign Direct Investment-Income Inequality Relationship: A Semiparametric Regression Analysis
學年102
學期1
出版(發表)日期2013/10/01
作品名稱Parameter Heterogeneity in The Foreign Direct Investment-Income Inequality Relationship: A Semiparametric Regression Analysis
作品名稱(其他語言)
著者Deng, Wen-shuenn; Lin, Yi-chen
單位淡江大學統計學系; 淡江大學經濟學系
出版者Heidelberg: Physica-Verlag GmbH und Co.
著錄名稱、卷期、頁數Empircal Economics 45(2), p.845-872
摘要This article uses the generalized likelihood ratio test to formally test whether the relationship between foreign direct investment (FDI) and income inequality varies with the level of human capital and then uses a flexible semiparametric smooth coefficient partially linear model to provide estimates of the inequality effect of FDI that are specific to the level of human capital in a country. Based on the data of 102 countries over the period 1970–2007, we find the following. First, there exists substantial heterogeneity in the inward FDI-inequality relationship. Inward FDI is inequality-ameliorating in low-income countries where human capital is scarce but is inequality-raising in middle- and high-income countries where human capital is abundant. Second, contrary to the conventional mindset, outward FDI has no significant impact on inequality in low-and high-income countries. Nevertheless, outward FDI is inequality-raising in middle-income countries with low levels of human capital. Our results demonstrate that accounting for parameter heterogeneity is critical to identify the key mechanisms through which FDI affects inequality. Omitting parameter heterogeneity could lead to misspecification and incorrect policy prescriptions.
關鍵字Foreign direct investment;Income inequality;Semiparametric method;Smooth coefficient partially linear model;Profile likelihood ratio test;Generalized likelihood ratio test
語言英文(美國)
ISSN0377-7332; 1435-8921
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Deng, Wen-shuenn
審稿制度
國別德國
公開徵稿
出版型式,電子版,紙本
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