Foreign direct investment, economic opening and economic growth in Lat

Miguel Cruz Vásquez (), Alfonso Mendoza-Velázquez () and Beatriz Pico González
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Miguel Cruz Vásquez: Universidad Popular Autónoma del Estado de Puebla, México
Beatriz Pico González: Universidad Popular Autónoma del Estado de Puebla, México

Contaduría y Administración, 2019, vol. 64, issue 1, 15-16

Abstract: The models of endogenous growth consider the Degree of Economic Openness (DEO) and the Foreign Direct Investment (FDI) as fundamental determinants of the economic growth. The objective of this article is to evaluate the impact of these variables on the economic growth for eighteen Latin American countries during the period 1996-2014. Through the estimation of an Autoregressive Vectors model with panel data, the results show a dynamic relation among the three, F29variables only for the total sample of countries and the high growth countries, but not for the low and median growth countries. We got short and long run opposite effects of the DEO on the economic growth, positive for the total sample of countries and negative for the high growth countries; while negative effects of the FDI on the growth so much for the total sample as for the high growth countries.

Keywords: Foreign direct investment; Degree of economic opening, Economic growth, Latin America, Autoregressive vectors. (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:nax:conyad:v:64:y:2019:i:1:p:15-16

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