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La gobernabilidad como un determinante de la inversión extranjera directa en América Latina The (Governance as a Determinant of Foreign Direct Investment in Latin America)

Author

Listed:
  • Rafael Eduardo Saavedra Leyva

    (Universidad Autónoma de Baja California.)

  • Carlos H. Flores Orona

    (Universidad Autónoma de Baja California.)

Abstract

En este trabajo se analiza la relación entre la inversión extranjera directa y la gobernabilidad de los países de América Latina. Se elabora un índice de eficiencia gubernamental que incorpora los indicadores del “Worldwide Governance Indicators” para evitar problemas de multicolinealidad. En general, los resultados del estudio muestran que el índice de eficiencia gubernamental exhibe una relación positiva y significativa con la inversión extranjera directa. Por lo tanto, este trabajo destaca el rol que ostenta la gobernabilidad como mecanismo de atracción de inversionistas extranjeros. This paper shows the relationship between foreign direct investment and governance of Latin American countries. In order to avoid multicollinearity problems with the "worldwide governance indicators", we build up a government efficiency index. Overall, the results show that the government efficiency index has a direct and significant relationship to foreign direct investment. Therefore, this paper highlights the role of governance to attract foreign investors.

Suggested Citation

  • Rafael Eduardo Saavedra Leyva & Carlos H. Flores Orona, 2017. "La gobernabilidad como un determinante de la inversión extranjera directa en América Latina The (Governance as a Determinant of Foreign Direct Investment in Latin America)," Ensayos Revista de Economía, Universidad Autónoma de Nuevo León, vol. 36(2), pages 123-146, September.
    • Handle: RePEc:ere:journl:v:36:y:2017:i:2:id:47
    DOI: 10.29105/ensayos36.2-2
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