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1 mai 2015
- handle: 10670/1.pdga7h
Ce document est lié à :
10.7764/LAJE.52.1.57
info:eu-repo/semantics/openAccess
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Neotropical region Neotropics New World tropics Spanish America Asociación Latinoamericana de Libre Comercio countriesCiter ce document
KEVIN WILLIAMS, « FOREIGN DIRECT INVESTMENT IN LATIN AMERICA AND THE CARIBBEAN: AN EMPIRICAL ANALYSIS », Latin American Journal of Economics, ID : 10670/1.pdga7h
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Résumé
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.