Investment climate and foreign direct investment in Latin American countries: firm-level evidence

Autor:	Gilberto Joaquim Fraga
Jazyk:	English<br />Spanish; Castilian<br />Portuguese
Rok vydání:	2022
Předmět:	Developing countries FDI Export Foreign investments Economic history and conditions HC10-1085 Economic theory. Demography HB1-3840
Zdroj:	Estudios Económicos, Vol 39, Iss 79 (2022)
Druh dokumentu:	article
ISSN:	0425-368X 2525-1295
DOI:	10.52292/j.estudecon.2022.2809
Popis:	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
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/43b46707e30e4b8fb691a04e1603e69a Zobrazit plný text záznamu View record in DOAJ