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The ownership advantage in Latin American FDI: A sectoral study of us direct investment in Mexico

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  • James Love
  • Francisco Lage-Hidalgo

Abstract

This article develops a model which tests the hypothesis that sectoral FDI flows from the United States to Mexico over a four-year period can be explained by the ownership advantages of US multinationals. Theoretical developments in the concept of 'ownership advantage' are used to guide the formulation of the research. The findings suggest that direct investment into US MNEs' affiliates in Mexico is driven by benefits derived from embedded human knowledge, technology-embodied advantages, and possibly from scale advantages. Local R&D is negatively associated with FDI.

Suggested Citation

  • James Love & Francisco Lage-Hidalgo, 1999. "The ownership advantage in Latin American FDI: A sectoral study of us direct investment in Mexico," Journal of Development Studies, Taylor & Francis Journals, vol. 35(5), pages 76-95.
    • Handle: RePEc:taf:jdevst:v:35:y:1999:i:5:p:76-95
    DOI: 10.1080/00220389908422592
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    References listed on IDEAS

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    1. V. N. Balasubramanyam & David Sapsford (ed.), 1994. "The Economics of International Investment," Books, Edward Elgar Publishing, number 27.
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    Cited by:

    1. Jo-Hui Chen, 2005. "An Analysis of Industrial Characteristics and Incentives on Foreign Investment: The Case of Rapid Economic Growth in Taiwan," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 10(3), pages 89-107, Fall.
    2. Batiz-Lazo, Bernardo & Blanco Mendialdua, Ana & Urionabarrenetxea Zabalandikoetxea, Sara, 2001. "Growth of the Spanish Multinational in Latin America during the 1990s," MPRA Paper 929, University Library of Munich, Germany, revised Dec 2005.

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