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Clima de inversión e inversión extranjera directa en países de América Latina: evidencia a nivel de firma
[Investment climate and foreign direct investment in latin american countries: firm-level evidenc]

Author

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  • Gilberto Joaquim Fraga

Abstract

This paper analyzed the relationship between the investment climate and foreign direct investment (FDI) using a sample of 18 Latin American countries. The main results show that obstacles related to financial infrastructure and customs clearance might reduce the probability of a country receiving FDI, while physical infras-tructure obstacles do not significantly affect the influx of FDI. The disaggregated data show that financial infrastructure is important for attracting both vertical and horizontal FDI. On average, policies in Latin America that minimize financial obs-tacles and reduce the time it takes to clear customs will increase the likelihood of attracting FDI

Suggested Citation

  • Gilberto Joaquim Fraga, 2022. "Clima de inversión e inversión extranjera directa en países de América Latina: evidencia a nivel de firma [Investment climate and foreign direct investment in latin american countries: firm-level e," Estudios Economicos, Universidad Nacional del Sur, Departamento de Economia, vol. 39(79), pages 103-126, july-dece.
  • Handle: RePEc:uns:esteco:v:39:y:2022:i:79:p:103-126
    DOI: https://doi.org/10.52292/j.estudecon.2022.2809
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    More about this item

    Keywords

    Países en desarrollo; IED; exportador; inversiones extranjeras;
    All these keywords.

    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

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