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Impacto de la inversión extranjera directa y del grado de apertura de la economía sobre el crecimiento económico para América Latina 1980-2010/Impact of Foreign Direct Investment and Openness Degree on Economic Growth for Latin America 1980-2010

Author

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  • RENDÓN OBANDO, HERNANDO

    (Universidad Nacional de Colombia (Sede Medellin), Facultad de Ciencias Humanas y Económicas, C/ 59 A N 63-20, 050034 Medellin, Colombia.)

  • RAMÍREZ FRANCO, LUZ DARY

    (Universidad de Salamanca, Facultad de Derecho, Avda. Arquitecto José Luis Sert, 40, 08193 Cerdanyola del Valles (Barcelona), España.)

Abstract

En este artículo se estudia el impacto de la Inversión Extranjera Directa y el grado de apertura de la Economía sobre el Crecimiento Económico para nueve países de América Latina durante el periodo 1980-2010. Para ello, se realiza una estimación mediante un panel dinámico. Los resultados, muestran efectos positivos del grado de apertura y de la inversión doméstica sobre el producto a corto y largo plazo, pero la inversión extranjera solo tiene un efecto de corto plazo, sugiriendo la posible existencia de costos de ajuste que compensan los efectos positivos o expansivos. In this paper, we study the impact of the foreign investment and the openness degree on the economic growth in nine countries of Latin America 1980-2010. To do this, we consider a dynamic panel data model. The results show that both the openness and domestic investment have positive and significant impact on GDP per capita both in the short- run and long term. FDI has only a short-term effect, which suggesting the possible existence of adjustment costs that outweighs the positive and expansive effects.

Suggested Citation

  • Rendón Obando, Hernando & Ramírez Franco, Luz Dary, 2017. "Impacto de la inversión extranjera directa y del grado de apertura de la economía sobre el crecimiento económico para América Latina 1980-2010/Impact of Foreign Direct Investment and Openness Degree o," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 35, pages 217-244, Enero.
  • Handle: RePEc:lrk:eeaart:35_1_10
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    More about this item

    Keywords

    Crecimiento Económico; Inversión Extranjera Directa; Apertura Económica; Modelos Dinámicos ; Economic Growth; Foreign Direct Investment; Openness; Dynamic Models.;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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