THE WILLIAM DAVIDSON INSTITUTE AT THE UNIVERSITY OF MICHIGAN Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America
نویسندگان
چکیده
This paper investigates the role of structural reforms – privatization, financial reform and trade liberalization– as determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004. Our main finding is a strong empirical relationship from reforms to FDI, in particular, from financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and potential endogeneity and omitted variables biases. JEL Classification Numbers: H11, F21, O16
منابع مشابه
Foreign direct investment in the financial sector - experiences in Asia, central and eastern Europe and Latin America - June 2005
No 25 Foreign direct investment in the financial sector-experiences in Asia, central and eastern Europe and Latin America Summary of follow-up workshops to the CGFS report, " Foreign direct investment in the financial sector of emerging economies " June 2005 Copies of publications are available from:
متن کاملTHE WILLIAM DAVIDSON INSTITUTE AT THE UNIVERSITY OF MICHIGAN BUSINESS SCHOOL Formation of social capital in Central and Eastern Europe: Understanding the gap vis-à-vis developed countries
متن کامل
THE WILLIAM DAVIDSON INSTITUTE AT THE UNIVERSITY OF MICHIGAN Regional Determinants of FDI Distribution in Poland
In this paper we examine the location determinants of the inflow of Foreign Direct Investment (FDI) into Poland, at a regional level. Using survey data from an online questionnaire in February 2005 and a multinomial logit model incorporating the investor’s specific characteristics, we show that knowledge-seeking factors alongside market and agglomeration factors, act as the main drivers for the...
متن کاملAchieving Regional Convergence through the Role of Foreign Direct Investment and Portfolio Investment: Evidence from ASEAN+3
T he purpose of this study is to analyze the effect of foreign direct investment and portfolio investment on the convergence occurrence of economic growth of countries in the ASEAN + 3 region and to determine the time or speed required to achieve convergence. The type of data used in this research is secondary data panel which is combination between time series data and cross-section...
متن کاملReassessing Pension Reform in Chile and Other Countries in Latin America1
Chile has been a world pioneer in the structural reform of social security pensions and influenced similar changes in Latin America and Eastern Europe, as well as the programs of international financial organizations and the world debate on the subject. More than two decades have elapsed since the Chilean reform was implemented and several other countries in Latin America have accumulated impor...
متن کامل