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Foreign Direct Investment in the Caribbean

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  • Ivar Kolstad
  • Espen Villanger

Abstract

This article addresses the question of whether the Caribbean is particularly attractive or unattractive to foreign investors, and if it has specific characteristics that attract or deter FDI. An econometric analysis of data from 135 countries for 1980-2002 shows that the Caribbean does not suffer from low inflows of FDI; on the contrary, Caribbean countries receive more FDI than comparable countries in other regions. This reflects two contradictory effects. On the one hand, FDI inflows may be particularly sensitive to political instability in the region; on the other hand, the absence of regulation appears to have been a particularly beneficial factor in attracting FDI to the Caribbean. Copyright 2008 Blackwell Publishing Ltd.

Suggested Citation

  • Ivar Kolstad & Espen Villanger, 2008. "Foreign Direct Investment in the Caribbean," Development Policy Review, Overseas Development Institute, vol. 26(1), pages 79-89, January.
  • Handle: RePEc:bla:devpol:v:26:y:2008:i:1:p:79-89
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    Cited by:

    1. Stephen Pilgrim & Sunday Iyare, 2008. "Foreign direct investment (FDI) and the global food crisis. A study of the Windward Islands' agricultural sector," Economics Bulletin, AccessEcon, vol. 3(59), pages 1-15.
    2. Asongu Simplice, 2011. "Democracy and Stock Market Performance in African Countries," Working Papers 11/021, African Governance and Development Institute..
    3. Kazunobu Hayakawa & Fukunari Kimura & Hyun-Hoon Lee, 2013. "How Does Country Risk Matter for Foreign Direct Investment?," The Developing Economies, Institute of Developing Economies, vol. 51(1), pages 60-78, March.
    4. Simplice A. Asongu & Gilbert A.A. Aminkeng, 2013. "The economic consequences of China--Africa relations: debunking myths in the debate," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 11(4), pages 261-277, November.
    5. repec:bla:devpol:v:35:y:2017:i:1:p:93-113 is not listed on IDEAS
    6. Simplice A. Asongu, 2013. "How Would Population Growth Affect Investment in the Future? Asymmetric Panel Causality Evidence for Africa," African Development Review, African Development Bank, vol. 25(1), pages 14-29, March.
    7. Simplice A. Asongu, 2015. "Long-term effects of population growth on aggregate investment dynamics: Selected country evidence for Africa," African Journal of Economic and Management Studies, Emerald Group Publishing, vol. 6(3), pages 225-250, September.
    8. Asongu Simplice, 2014. "Globalization and health worker crisis: what do wealth-effects tell us?," International Journal of Social Economics, Emerald Group Publishing, vol. 41(12), pages 1243-1264, November.
    9. Eva Rytter Sunesen, 2009. "Examining the Regional Aspect of Foreign Direct Investment to Developing Countries," Discussion Papers 09-02, University of Copenhagen. Department of Economics.
    10. Kevin Williams, 2015. "Foreign direct investment in Latin America and the Caribbean: an empirical analysis," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 52(1), pages 57-77, May.
    11. Asongu Simplice, 2011. "Government Quality Determinants of Stock Market Performance in African Countries," Working Papers 11/019, African Governance and Development Institute..
    12. Cucos Paula – Roxana, 2016. "The Effects Of Foreign Direct Investment On The Economies Of Central And Eastern Europe Countries," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 200-207, August.

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