Investment climate and foreign direct investment in Latin American countries: firm-level evidence
This paper analyzed the relationship between the investment climate and foreign direct investment (FDI) using a sample of 18 Latin American countries. The main results show that obstacles related to financial infrastructure and customs clearance might reduce the probability of a country receiving F...
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oai:oai.revistas.uns.edu.ar:article-28092022-06-25T20:39:16Z Investment climate and foreign direct investment in Latin American countries: firm-level evidence Clima de inversión e inversión extranjera directa en países de América Latina: evidencia a nivel de firma Fraga, Gilberto Joaquim Developing countries FDI Export Foreign investments economics Países en desarrollo IED Exportador Inversiones extranjeras This paper analyzed the relationship between the investment climate and foreign direct investment (FDI) using a sample of 18 Latin American countries. The main results show that obstacles related to financial infrastructure and customs clearance might reduce the probability of a country receiving FDI, while physical infras-tructure obstacles do not significantly affect the influx of FDI. The disaggregated data show that financial infrastructure is important for attracting both vertical and horizontal FDI. On average, policies in Latin America that minimize financial obs-tacles and reduce the time it takes to clear customs will increase the likelihood of attracting FDI.Keywords: developing countries; FDI; export.JEL code: F21; F23 Este trabajo analiza la relación entre el clima de inversión y la inversión extranjeradirecta (IED) utilizando una muestra de 18 países latinoamericanos. Los principalesresultados muestran que los obstáculos relacionados con la infraestructura financiera y el despacho de aduanas pueden reducir la probabilidad de que un país reciba IED, mientras que los obstáculos de infraestructura física no significan la entrada de IED. Los datos desglosados muestran que la infraestructura financiera es importante para atraer IED tanto vertical como horizontal. En promedio, las políticasen América Latina que minimicen los obstáculos financieros y reduzcan el tiempo necesario para el despacho de aduanas aumentarán la probabilidad de atraer IED. EdiUNS 2022-06-25 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article Artículo evaluado por pares application/pdf https://revistas.uns.edu.ar/ee/article/view/2809 10.52292/j.estudecon.2022.2809 Estudios económicos; Vol. 39 No. 79 (2022); 103-126 Estudios económicos; Vol. 39 Núm. 79 (2022); 103-126 Estudios económicos; v. 39 n. 79 (2022); 103-126 2525-1295 0425-368X eng https://revistas.uns.edu.ar/ee/article/view/2809/1882 Derechos de autor 2022 Atribución-No Comercial 4.0 Unported (CC BY-NC 4.0) de Creative Commons. http://creativecommons.org/licenses/by-nc/4.0 |
institution |
UNS |
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Biblioteca Digital Académica |
building |
Biblioteca Central Biblioteca de Economía |
bda_str |
Estudios Económicos |
hierarchy_parent_id |
bda_ee |
hierarchy_parent_title |
Estudios Económicos |
hierarchy_top_id |
bda_str |
hierarchy_top_title |
Biblioteca Digital Académica |
first_indexed |
2018-08-22T17:39:27Z |
last_indexed |
2018-08-22T17:39:27Z |
language |
eng |
format |
Online |
author |
Fraga, Gilberto Joaquim |
spellingShingle |
Fraga, Gilberto Joaquim Investment climate and foreign direct investment in Latin American countries: firm-level evidence |
author_facet |
Fraga, Gilberto Joaquim |
author_sort |
Fraga, Gilberto Joaquim |
title |
Investment climate and foreign direct investment in Latin American countries: firm-level evidence |
title_short |
Investment climate and foreign direct investment in Latin American countries: firm-level evidence |
title_full |
Investment climate and foreign direct investment in Latin American countries: firm-level evidence |
title_fullStr |
Investment climate and foreign direct investment in Latin American countries: firm-level evidence |
title_full_unstemmed |
Investment climate and foreign direct investment in Latin American countries: firm-level evidence |
title_sort |
investment climate and foreign direct investment in latin american countries: firm-level evidence |
topic_facet |
Developing countries FDI Export Foreign investments economics Países en desarrollo IED Exportador Inversiones extranjeras |
description |
This paper analyzed the relationship between the investment climate and foreign direct investment (FDI) using a sample of 18 Latin American countries. The main results show that obstacles related to financial infrastructure and customs clearance might reduce the probability of a country receiving FDI, while physical infras-tructure obstacles do not significantly affect the influx of FDI. The disaggregated data show that financial infrastructure is important for attracting both vertical and horizontal FDI. On average, policies in Latin America that minimize financial obs-tacles and reduce the time it takes to clear customs will increase the likelihood of attracting FDI.Keywords: developing countries; FDI; export.JEL code: F21; F23
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publisher |
EdiUNS |
publishDate |
2022 |
url |
https://revistas.uns.edu.ar/ee/article/view/2809 |
_version_ |
1760274142064541696 |
score |
12,614403 |