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The FTAA and the Location of FDI

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  • Eduardo Levy Yeyati
  • Christian Daude
  • Ernesto Stein

Abstract

The role of regional integration agreements as a determinant of the location of FDI has become an increasingly relevant issue for emerging economies. In Latin America, the largest effects are likely to be associated with the Free Trade Area of the Americas (FTAA). In this regard, there are a number of highly relevant questions: For instance, what effect will the FTAA have on FDI from the US and Canada to Latin American countries? How will it affect FDI from the rest of the world? What are the implications for a country such as Mexico, whose referential access to the US may be diluted? Should we expect to see winners and losers, and if so, what determines whether a particular country wins or loses? To address these questions, in this paper we look at the impact of regional integration on FDI, and attempt to derive conclusions regarding the likely impact of the FTAA on countries in Latin America

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File URL: http://www.utdt.edu/departamentos/empresarial/cif/pdfs-wp/wpcif-152002.pdf
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Bibliographic Info

Paper provided by Universidad Torcuato Di Tella in its series Business School Working Papers with number diecisiete.

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Length: 35 pages
Date of creation: 02 Dec 2002
Date of revision:
Handle: RePEc:udt:wpbsdt:diecisiete

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Cited by:
  1. Badi H. Baltagi & Peter Egger & Michael Pfaffermayr, 2007. "Estimating Regional Trade Agreement Effects on FDI in an Interdependent World," Center for Policy Research Working Papers 100, Center for Policy Research, Maxwell School, Syracuse University.
  2. Fuentes, Miguel & Saravia, Diego, 2010. "Sovereign defaulters: Do international capital markets punish them?," Journal of Development Economics, Elsevier, vol. 91(2), pages 336-347, March.
  3. Rodrigo Sabbatini & André Luiz Correa & Celio Hiratuka, 2005. "Investimento Direto Estrangeiro E Impactos Da Alca: Uma Análise Empírica," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] 075, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
  4. Philippa Dee, 2006. "Multinational Corporations and Pacific Regionalism," Trade Working Papers 21836, East Asian Bureau of Economic Research.

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