IDEAS home Printed from https://ideas.repec.org/a/col/000090/020526.html
   My bibliography  Save this article

Calidad de gobierno como motor de atracción de la inversión extranjera directa en los países de América Latina y OECD

Author

Listed:
  • Ronald Miranda
  • Bibiana Lanzilotta
  • Eugenia Leira

Abstract

Este artículo estudia empíricamente el impacto de la calidad de gobierno sobre los flujos de inversión extranjera directa (IED) para una muestra de 46 economías en el período 1996-2018. En particular, se analiza comparativamente en qué medida la calidad del gobierno influye en la entrada de IED en dos grupos de países que presentan diferencias relevantes en los niveles de calidad de gobierno: 33 países de la OECD y 13 países de América Latina. Aplicando métodos de datos de panel, se encuentra que la calidad del gobierno afecta positivamente a los flujos de IED en ambos grupos de países, y que el impacto es superior en los países de la OECD en relación con los países de América Latina. A partir de este estudio, se concluye que es esencial el diseno de políticas públicas que fortalezcan la calidad institucional, particularmente en los países de América Latina con instituciones más débiles.

Suggested Citation

  • Ronald Miranda & Bibiana Lanzilotta & Eugenia Leira, 2022. "Calidad de gobierno como motor de atracción de la inversión extranjera directa en los países de América Latina y OECD," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, vol. 92(7), pages 237-271, October.
    • Handle: RePEc:col:000090:020526
    as

    Download full text from publisher

    File URL: https://revistas.uniandes.edu.co/doi/pdf/10.13043/DYS.92.7
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Asiedu, Elizabeth, 2002. "On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different?," World Development, Elsevier, vol. 30(1), pages 107-119, January.
    2. Elizabeth Asiedu, 2006. "Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability," The World Economy, Wiley Blackwell, vol. 29(1), pages 63-77, January.
    3. Borensztein, E. & De Gregorio, J. & Lee, J-W., 1998. "How does foreign direct investment affect economic growth?1," Journal of International Economics, Elsevier, vol. 45(1), pages 115-135, June.
    4. Adeniyi Jimmy Adedokun, 2017. "Foreign Aid, Governance and Economic Growth in Sub-Saharan Africa: Does One Cap Fit All?," African Development Review, African Development Bank, vol. 29(2), pages 184-196, June.
    5. Abdullah Alam & Syed Zulfiqar Ali Shah, 2013. "Determinants of foreign direct investment in OECD member countries," Journal of Economic Studies, Emerald Group Publishing, vol. 40(4), pages 515-527, August.
    6. Abdullah Alam & Syed Zulfiqar Ali Shah, 2013. "Determinants of foreign direct investment in OECD member countries," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 40(4), pages 515-527, August.
    7. Alfaro, Laura & Chanda, Areendam & Kalemli-Ozcan, Sebnem & Sayek, Selin, 2010. "Does foreign direct investment promote growth? Exploring the role of financial markets on linkages," Journal of Development Economics, Elsevier, vol. 91(2), pages 242-256, March.
    8. Bittencourt, Gustavo & Domingo, Rosario, 2004. "Los determinantes de la IED y el efecto del MERCOSUR," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(281), pages 73-128, enero-mar.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kimiagari, Salman & Mahbobi, Mohammad & Toolsee, Tushika, 2023. "Attracting and retaining FDI: Africa gas and oil sector," Resources Policy, Elsevier, vol. 80(C).
    2. Rodrigo Martins & Jorge Cerdeira & Miguel Fonseca & Mohamed Barrie, 2022. "Foreign direct investment determinants in Mano River Union countries: Micro and macro evidence," South African Journal of Economics, Economic Society of South Africa, vol. 90(3), pages 408-424, September.
    3. Ndonga Dennis, 2013. "Increasing Africa’s Share of Vertical Investments through Single Window Systems," The Law and Development Review, De Gruyter, vol. 6(2), pages 181-215, August.
    4. Okafor, Godwin & Piesse, Jenifer & Webster, Allan, 2015. "The motives for inward FDI into Sub-Saharan African countries," Journal of Policy Modeling, Elsevier, vol. 37(5), pages 875-890.
    5. Ludovic Feulefack Kemmanang & Jonas Juleo Dongmo Zamké, 2022. "Does the quality of institutions matter for foreign investment concentration in Africa? Understanding the controversial role of international aid," Review of Development Economics, Wiley Blackwell, vol. 26(1), pages 354-374, February.
    6. Thomas Neise & Franziska Sohns & Moritz Breul & Javier Revilla Diez, 2022. "The effect of natural disasters on FDI attraction: a sector-based analysis over time and space," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 110(2), pages 999-1023, January.
    7. Veundjua Muruko-Jaezuruka & Prashant Gupta, 2020. "Assessing Foreign Direct Investment Long-Run Contribution to Financial Development: Evidence from Namibia," Economics Bulletin, AccessEcon, vol. 40(4), pages 3111-3123.
    8. Oludotun Fasanya, David & Ingham, Hilary & Read, Robert, 2022. "Determinants of internationalisation by firms from Sub-Saharan Africa," Journal of Business Research, Elsevier, vol. 144(C), pages 951-965.
    9. Aloui, Zouhaier, 2019. "The impact of Foreign Direct Investment and the institutional quality on Welfare in Latin America and Sub-saharan Africa," MPRA Paper 95484, University Library of Munich, Germany.
    10. Fotini Economou & Christis Hassapis & Nikolaos Philippas & Mike Tsionas, 2017. "Foreign Direct Investment Determinants in OECD and Developing Countries," Review of Development Economics, Wiley Blackwell, vol. 21(3), pages 527-542, August.
    11. Akhtaruzzaman, M. & Berg, Nathan & Hajzler, Christopher, 2017. "Expropriation risk and FDI in developing countries: Does return of capital dominate return on capital?," European Journal of Political Economy, Elsevier, vol. 49(C), pages 84-107.
    12. Céline Azémar & Rodolphe Desbordes, 2009. "Public Governance, Health and Foreign Direct Investment in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 18(4), pages 667-709, August.
    13. Maria Borga & Perla Ibarlucea Flores & Monika Sztajerowska, 2020. "Drivers of divestment decisions of multinational enterprises - A cross-country firm-level perspective," OECD Working Papers on International Investment 2019/03, OECD Publishing.
    14. Yahyaoui, Ismahen, 2021. "How corruption mitigates the effect of FDI on economic growth?," MPRA Paper 111190, University Library of Munich, Germany.
    15. Eva Kovarova, 2015. "Foreign Direct Investment Inflows To Africa: Overview And Current Trends (Toky Priamych Zahraničných Investícií Do Afriky: Prehľad A Súčasné Trendy)," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 13(1), pages 69-86.
    16. Ismahene Yahyaoui, 2024. "How Corruption Mitigates the Effect of FDI on Economic Growth?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 1344-1362, March.
    17. Bruno, Randolph Luca & Campos, Nauro F. & Estrin, Saul, 2018. "Taking stock of firm-level and country-level benefits from foreign direct investment," LSE Research Online Documents on Economics 87343, London School of Economics and Political Science, LSE Library.
    18. Andreia Olival, 2012. "The influence of Doing Business’ institutional variables in Foreign Direct Investment," GEE Papers 0048, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Dec 2012.
    19. Murat Yulek & Nurullah Gur, 2017. "Foreign direct investment, smart policies and economic growth," Progress in Development Studies, , vol. 17(3), pages 245-256, July.
    20. Yao‐Yu Chih & Ruby P. Kishan & Andrew Ojede, 2022. "Be good to thy neighbours: A spatial analysis of foreign direct investment and economic growth in sub‐Saharan Africa," The World Economy, Wiley Blackwell, vol. 45(3), pages 657-701, March.

    More about this item

    Keywords

    inversión extranjera directa; calidad institucional; América Latina; OECD; datos de panel.;
    All these keywords.

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000090:020526. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Universidad De Los Andes-Cede (email available below). General contact details of provider: https://edirc.repec.org/data/ceandco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.