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An Empirical Examination of the Determinants of Foreign Direct Investment: A Firm-Level Analysis for the Colombian Economy

Author

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  • Aarón Garavito
  • Ana María Iregui
  • María Teresa Ramírez

Abstract

En este artículo se utiliza una base de datos a nivel de firma para investigar los determinantes de la inversión extranjera directa (IED) en Colombia. Estimamos modelos econométricos de los determinantes de la probabilidad de que una empresa reciba IED, y de los factores que explican la participación extranjera en el capital de una empresa. Los resultados indican que las firmas inscritas en bolsa, que participan en comercio exterior, y que operan en sectores con mayor intensidad de capital son las más propensas a recibir IED. Además, la probabilidad de que una empresa reciba IED está relacionada con su tamano.

Suggested Citation

  • Aarón Garavito & Ana María Iregui & María Teresa Ramírez, 2014. "An Empirical Examination of the Determinants of Foreign Direct Investment: A Firm-Level Analysis for the Colombian Economy," Revista de Economía del Rosario, Universidad del Rosario, June.
    • Handle: RePEc:col:000151:012881
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    File URL: http://revistas.urosario.edu.co/index.php/economia/article/view/3336/2570
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    References listed on IDEAS

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    2. Oludayo Elijah Adekunle, 2020. "The Short and Long Run Determinants of Foreign Direct Investment in Nigeria," Management & Economics Research Journal, Faculty of Economics, Commercial and Management Sciences, Ziane Achour University of Djelfa, vol. 2(4), pages 45-65, September.
    3. Adrian Martinez-Osorio & Deicy J. Cristiano-Botia & Celina Gaitan-Maldonado & Diego A. Sandoval-Herrera, 2019. "La Inversión Directa de Colombia en el Exterior (IDCE) y su renta: determinantes y dinámica reciente," Borradores de Economia 1068, Banco de la Republica de Colombia.
    4. Ruchi Kansil & Archana Singh, 2017. "Firm Characteristics and Foreign Institutional Ownership: Evidence from India," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 9(2), pages 35-53, April.

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    More about this item

    Keywords

    inversión extranjera directa; panel probit; base de datos a nivel de firma; Colombia;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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