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Inversión extranjera directa y restricción externa en el Mercosur: Conclusiones preliminares y temas de investigación

Author

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  • Gustavo Bittencourt

    (Departmento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

Abstract

This paper identifies some issues to build a research agenda on the effects of transnationalization and economic development among Mercosur countries. The first section discusses an analytical framework that aims to understand the relations between Foreign Direct Investment (FDI) and the balance of payments constraint to growth in developing countries, and states that different “types of FDI” may affect this constraint in opposite directions, as they are explained by alternative theories. Section II contains an historical perspective of the transnationalization process in these countries, using a long run FDI series analysis and resuming some characteristics of the last period. Finally, in the third section, some preliminary conclusions are outlined, attempting to meet the analytical framework and the empirical stylized facts, which allows to identify some issues or topics for this research agenda.

Suggested Citation

  • Gustavo Bittencourt, 2002. "Inversión extranjera directa y restricción externa en el Mercosur: Conclusiones preliminares y temas de investigación," Documentos de Trabajo (working papers) 0802, Department of Economics - dECON.
    • Handle: RePEc:ude:wpaper:0802
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    File URL: https://hdl.handle.net/20.500.12008/1962
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    References listed on IDEAS

    as
    1. J. S. L. McCombie & A. P. Thirlwall, 1994. "Economic Growth and the Balance-of-Payments Constraint," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-23121-8.
    2. Rodríguez, Octavio, 1998. "Heterogeneidad estructural y empleo," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), October.
    3. James R. Markusen & Keith E. Maskus, 2001. "General-Equilibrium Approaches to the Multinational Firm: A Review of Theory and Evidence," NBER Working Papers 8334, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    Transnational Corporations; Foreign Direct Investment; Mercosur; Development.;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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