An Evaluation of Promotional Policies for Foreign Direct Investment in Latin America

Mauricio López, Lorena Morales () and Oriana Guerrero ()

Lecturas de Economía, 2009, issue 71, 141-168

Abstract: In the past two decades, Foreign Direct Investment (FDI) has gained importance in Latin American economies. This is because, as this article intends to demonstrate, increasingly sounder macro-economic stability and the fact that the region's countries have opened and flexibilized their regulatory frameworks. In this manner, and through a model of data from panels, this article finds that the measures implemented in Latin America to attract FDI have enabled a larger inflow of resources. On another front, the model also ascertains the importance of other factors such as macroeconomic stability and the size of the market, which also explain a good percentage of these flows.

Keywords: Foreign Direct Investment; Macro-economic Stability; Regulatory Frameworks; Promotional Policies. (search for similar items in EconPapers)
JEL-codes: F21 F23 F40 (search for similar items in EconPapers)
Date: 2009
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