Los determinantes de la IED y el impacto del MERCOSUR

Gustavo Bittencourt () and Rosario Domingo
Additional contact information
Rosario Domingo: Departmento de Economía, Facultad de Ciencias Sociales, Universidad de la República

No 402, Documentos de Trabajo (working papers) from Department of Economics - dECON

Abstract: This paper analyze the factors that determine the receipt of foreign direct investment (FDI) by the Mercosur’s countries, specially the roll played by the regional integration process. After taking account of a conceptual framework, which concludes in an econometric model, with the methodology used by Bittencourt & Domingo (1996), regressions were estimated in several panels for the dependent variables: total FDI, FDI corrected (less mergers and acquisit ions and privatizations), FDI from United States and FDI in manufacturing. The joint panel (forty years and four countries) confirm that we can identify a “model” of Mercosur’s FDI receipts. The internal market dynamism, the export performance and the macroeconomic stability have importance as FDI determinants. FDI corrected and FDI from United States, presented an structural change in 1986. The regional integration process impact the FDI with significant and positive net effects. These flows seem to prefer the bigger countries. The results of the panels by sector show that the internal market size and dynamic are the principal variables to define the investor’s choice between economic sectors and countries. The Mercosur’s dynamic also is important in the choice between industrial sectors.

Pages: 52 pages
Date: 2002-12
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://hdl.handle.net/20.500.12008/1958 (application/pdf)

Related works:
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:ude:wpaper:0402

Access Statistics for this paper

More papers in Documentos de Trabajo (working papers) from Department of Economics - dECON Contact information at EDIRC.
Bibliographic data for series maintained by Andrea Doneschi () and ().