IDEAS home Printed from https://ideas.repec.org/p/anp/en2005/076.html
   My bibliography  Save this paper

Determinantes Do Investimento Direto Externo (Ide) Na América Latina: Uma Perspectiva Institucional

Author

Listed:
  • Mohamed Amal
  • Fernando Seabra

Abstract

The purpose of this study is to build and estimate a model to assess the determinants of Foreign Direct Investment (FDI) in Latin America and also for a larger group of emerging market countries. Based on a panel data model for seven Latin American Countries over the period of 1984-2001, we estimate the FDI model. The estimation results indicate that FDI inflows to Latin America are determined by the lagged GDP (gross domestic product), as a proxy of the market size of the host country, by real exchange rate and by institutional variables, which include political risk, freedom and regional integration agreements. Thus, we find that the quality of institutions has positive effects on FDI. The impact of economic reforms, political risk and regional integration is statistically significant, and economically important to adjust the investment strategies of Multinational Companies in the region.

Suggested Citation

  • Mohamed Amal & Fernando Seabra, 2005. "Determinantes Do Investimento Direto Externo (Ide) Na América Latina: Uma Perspectiva Institucional," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting] 076, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    • Handle: RePEc:anp:en2005:076
    as

    Download full text from publisher

    File URL: http://www.anpec.org.br/encontro2005/artigos/A05A076.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

    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:anp:en2005:076. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Rodrigo Zadra Armond (email available below). General contact details of provider: https://edirc.repec.org/data/anpecea.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.