Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America

Yuko Kinoshita and Nauro Campos

No 2008/026, IMF Working Papers from International Monetary Fund

Abstract: This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- 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.

Keywords: WP; FDI inflow; FDI flow (search for similar items in EconPapers)
Pages: 38
Date: 2008-01-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (79)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=21639 (application/pdf)

Related works:
Working Paper: Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America (2008)
Working Paper: Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America (2008)
Working Paper: Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2008/026

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().