Foreign direct investment in Latin America and the Caribbean: an empirical analysis



Título del documento: Foreign direct investment in Latin America and the Caribbean: an empirical analysis
Revue: Latin american journal of economics
Base de datos: CLASE
Número de sistema: 000418680
ISSN: 0719-0425
Autores: 1
Instituciones: 1University of the West Indies, Department of Economics, Kingston. Jamaica
Año:
Periodo: May
Volumen: 52
Número: 1
Paginación: 57-77
País: Chile
Idioma: Inglés
Tipo de documento: Artículo
Enfoque: Analítico
Resumen en inglés Competition for foreign direct investment (FDI) among developing countries has intensified in recent years. Using a sample of 68 developing countries across different regions, with data from 1975-2005, this paper investigates whether Latin America and the Caribbean (LAC) differs from non-LAC regions in regard to determinants of FDI; the evidence suggests that there are differences. In particular, the stock of infrastructure attracts FDI to LAC and constraints on the executive and high debt discourage FDI to non-LAC. These findings are robust to sample size, different estimators, endogeneity, and country fixed effects
Disciplinas: Economía
Palabras clave: Balanza de pagos y deuda externa,
Condiciones económicas,
Inversión extranjera directa,
América Latina,
Caribe,
Países en desarrollo
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