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An Evaluation of Promotional Policies for Foreign Direct Investment in Latin America


  • Mauricio López González


  • Lorena Morales


  • Oriana Guerrero



In the past two decades, Foreign Direct Investment (FDI) has gained importance in Latin American economies. This is because, as this article intends to demonstrate, increasingly sounder macro-economic stability and the fact that the region's countries have opened and flexibilized their regulatory frameworks. In this manner, and through a model of data from panels, this article finds that the measures implemented in Latin America to attract FDI have enabled a larger inflow of resources. On another front, the model also ascertains the importance of other factors such as macroeconomic stability and the size of the market, which also explain a good percentage of these flows.

Suggested Citation

  • Mauricio López González & Lorena Morales & Oriana Guerrero, 2009. "An Evaluation of Promotional Policies for Foreign Direct Investment in Latin America," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 71, pages 141-168.
  • Handle: RePEc:lde:journl:y:2009:i:71:p:141-168

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    Foreign Direct Investment; Macro-economic Stability; Regulatory Frameworks; Promotional Policies.;

    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
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General


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