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International trade and factor mobility: an empirical investigation Author info | Abstract | Publisher info | Download info | Related research | Statistics Linda S. Goldberg
Michael W. Klein
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Foreign Direct Investment (FDI) has been growing rapidly, at a pace far exceeding the growth in international trade. Thus, a full understanding of the relationship between trade in goods and FDI is important for obtaining a complete picture of the extent and sources of international linkages. We investigate whether FDI serves as a complement to trade or a substitute for trade based on the effects identified by the Rybczynski theorem whereby an increase in a factor of production used intensively in one sector affects production both in that sector and in other sectors. Using detailed data on bilateral capital and trade flows between the United States and individual Latin American countries, we examine the linkages between FDI into particular sectors of Latin American economies and the net exports of those and other manufacturing sectors. We find that FDI from the United States can lead to significant, and varied, shifts in the composition of activity in many Latin American countries and across many manufacturing industries.
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Paper provided by Federal Reserve Bank of New York in its series Staff Reports with number
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Date of creation: 1999Date of revision:
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Keywords: International trade ; Investments ; Foreign ; Latin America ; Other versions of this item:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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Yin-Wong Cheung & Menzie Chinn & Eiji Fujii, 2003.
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[Downloadable!] (restricted) Yin-Wong Cheung & Menzie Chinn & Eiji Fujii, 2003.
"The Chinese Economies in Global Context: The Integration Process and Its Determinants ,"
Santa Cruz Center for International Economics, Working Paper Series
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[Downloadable!] Cheung, Yin-Wong & Chinn, Menzie D. & Fujii, Eiji, 2006.
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"Trade-FDI Linkages in a System of Gravity Equations for German Regional Data ,"
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