1、1600 单词， 9400 英文字符， 2820 汉字 本科毕业论文外文翻译 外文题目： Estimating the Export and Import Demand for Manufactured Goods: The Role of FDI page:1-2 4-7 出 处： Review of World Economics 作 者： Mariam Camarero and Cecilio Tamarit 英 文： Estimating the Export and Import Demand for Manufactured Goods: The Role of FDI Maria
2、m Camarero and Cecilio Tamarit Abstract: In this paper we estimate the demand for exports and imports of manufactured goods for a panel containing the majority of the EU countries as well as the United States and Japan. The model includes as explanatory factors both the traditional determinants of t
3、rade and also the stock of foreign direct investment (FDI). We apply panel unit root and cointegration tests allowing for heterogeneity. Whereas there is no evidence of cointegration when using just the traditional formulation, the results are favorable to the existence of long-run relationships lin
4、king the variables of the augmented model. Moreover, the results point mainly to a complementary relationship between trade and FDI. Keywords: Export and import demand; New Trade Theory; panel data; cointegration; foreign direct investment; 1 Introduction The demand for exports (or imports) has been
5、 traditionally specified as a function of a countrys competitiveness and a foreign (domestic) activity variable. Although this approach has been predominant in the empirical literature, it has remained controversial. Econometric work with data for different countries spanning a number of years faces
6、 some daunting challenges: country- and time-specific effects, endogeneity of the explanatory variables, omission of relevant variables, parameter instability or the non- stationarity of the data (see Hooper et al. 1998). At the same time, the so-called New Trade Theory, influenced by the theory of industrial organization, has added a new insight into the possible factors affecting the demand for exports and imports, s
