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Determinants of US direct foreign investment in the Caribbean

Author

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  • Pooran Lall
  • David Norman
  • Allen Featherstone

Abstract

This study evaluates two groups of variables (economic and structural/locational) associated with US short- and long-run direct foreign investment (DFI) in the Caribbean over the 1983-1994 period. Separate generalized least square models for the Caribbean and Latin America were estimated to determine whether differences existed between the two regions as to the variables associated with the levels of DFI. This helped provide insights as to the strategies that should be maintained or introduced to give the Caribbean a competitive edge in attracting the limited amounts of US DFI likely to be available for investment in the Western hemisphere.

Suggested Citation

  • Pooran Lall & David Norman & Allen Featherstone, 2003. "Determinants of US direct foreign investment in the Caribbean," Applied Economics, Taylor & Francis Journals, vol. 35(13), pages 1485-1496.
  • Handle: RePEc:taf:applec:v:35:y:2003:i:13:p:1485-1496
    DOI: 10.1080/0003684032000100382
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    References listed on IDEAS

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    1. Pooran Lall & Allen Featherstone & David Norman, 2000. "Productive efficiency and growth policies for the Caribbean," Applied Economics, Taylor & Francis Journals, vol. 32(11), pages 1483-1493.
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    Citations

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    Cited by:

    1. Kinuthia, Bethuel Kinyanjui & Murshed, Syed Mansoob, 2015. "FDI determinants: Kenya and Malaysia compared," Journal of Policy Modeling, Elsevier, vol. 37(2), pages 388-400.
    2. Kemegue, F. & Mohan, R., 2009. "US FDI flows to ASEAN-5: Do Geographic Neighbors Matter?," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(1).
    3. José-Antonio Monteiro & Madina Kukenova, 2008. "Does Lax Environmental Regulation Attract FDI When Accounting For "Third-Country" Effects?," IRENE Working Papers 08-01, IRENE Institute of Economic Research.
    4. M. Ugur Karakaplan & Bilin Neyapti & Selin Sayek, 2005. "Aid and Foreign Direct Investment : International Evidence," Working Papers 0505, Department of Economics, Bilkent University.
    5. Lateef Ademola Olatunji & Muhammad Sadiq Shahid, 2015. "Determinants of FDI in Sub-Saharan African Countries: A Review of the Evidence," Business and Economic Research, Macrothink Institute, vol. 5(2), pages 23-34, December.
    6. Bala Ramasamy & Matthew Yeung, 2010. "The Determinants of Foreign Direct Investment in Services," The World Economy, Wiley Blackwell, vol. 33(4), pages 573-596, April.
    7. Gould, David M. & Tan, Congyan & Emamgholi, Amir S. Sadeghi, 2013. "Attracting foreign direct investment : what can South Asia's lack of success teach other developing countries ?," Policy Research Working Paper Series 6696, The World Bank.
    8. John C. Anyanwu, 2012. "Why Does Foreign Direct Investment Go Where It Goes?: New Evidence From African Countries," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 425-462, November.
    9. World Bank, 2013. "Trends and Determinants of Foreign Direct Investment in South Asia," World Bank Other Operational Studies 16522, The World Bank.

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