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Inversión extranjera directa y calidad del gobierno: Evidencia para los países de América Latina y la OECD

Author

Listed:
  • Bibiana Lanzilotta

    (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía)

  • Eugenia Leira

    (Uruguay XXI)

  • Ronald Miranda

    (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía)

Abstract

This paper empirically studies the impact of economic, demographic, and institutional factors on foreign direct investment (FDI) in a sample of 46 developed and developing economies in the period 1996-2018. In particular, we examine to what extent quality of government impacts foreign investment inflows in 33 OECD countries and 13 Latin American countries. Applying panel data methods, we found that institutional quality positively affects FDI in both groups of countries. These findings are robust to different model specifications and estimation methods. From this study, it is possible to conclude that, it is essential the design of public policies which contribute to strengthening institutional quality, particularly in those economies with weaker institutions.

Suggested Citation

  • Bibiana Lanzilotta & Eugenia Leira & Ronald Miranda, 2022. "Inversión extranjera directa y calidad del gobierno: Evidencia para los países de América Latina y la OECD," Documentos de Trabajo (working papers) 22-11, Instituto de Economía - IECON.
    • Handle: RePEc:ulr:wpaper:dt-11-22
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    File URL: https://hdl.handle.net/20.500.12008/34822
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    More about this item

    Keywords

    foreign direct investment; quality of government; Latin American countries; OECD countries; panel data;
    All these keywords.

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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