期刊名称：Journal of Applied Economics and Business Research
电子版ISSN：1927-033X
出版年度：2015
卷号：5
期号：2
页码：112-129
出版社：Journal of Applied Economics and Business Research
摘要：The main objective of this paper is to investigate the long -term relationship between foreign direct investment (FDI) and unemployment in the countries of the Western Balkans (WB). The study used panel data time series at the intervals from 1998 to 2012. In addition, sophisticated panel data models, such as panel unit root, cointegration, vector error correction model (VECM) and Granger causality test have been used. Results showed that there is a long -term relationship and cointegration between FDI and unemployment, and that FDI positively influence the reduction of unemployment in most countries of the WB. In the case of Granger causality test, there is causality between the observed variables in the long run.
关键词：Foreign Direct Investment; Unemployment; Causality; Panel; Cointegration
