El índice riesgo-país como determinante de la inversión extranjera directa: el caso de México y China

Ana Lilia Valderrama-Santibáñez () and Omar Neme-Castillo ()
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Ana Lilia Valderrama-Santibáñez: Instituto Politécnico Nacional
Omar Neme-Castillo: Instituto Politécnico Nacional

eseconomía, 2009, vol. IV, issue 21, 83-103

Abstract: La relación riesgo-país e inversión extranjera directa (ied) en México y China parece no cumplir con la teoría o comportarse contrariamente a lo esperado, esto es, existe una aparente paradoja en la que a mayor riesgo, mayores flujos de inversión. Así, este estudio pretende demostrar la existencia de tal paradoja, planteando como hipótesis que en el periodo 1990-2007, la ied no responde al nivel de riesgo. Para ello, primero se establecen los determinantes del riesgo-país y, después, se estima la relación con la ied./ The relationship between country risk and foreign direct investment in Mexico and China seems not to carry out with the theory or to behave on opposite way as it is expected. That is, there is an apparent paradox which the greater the risk, the greater the flows of investment. Then, this paper attempts to demonstrate the existence of the mentioned paradox, establishing the hypothesis that during 1990-2007 period, fdi did not respond to the risk level. In order to accomplish with this objective, first the determinants of country-risk are established and then we estimate the relationship with fdi.

Date: 2009
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