Inversión Extranjera Directa en Uruguay: tendencias y determinantes

Gustavo Bittencourt () and Rosario Domingo

No 696, Documentos de Trabajo (working papers) from Department of Economics - dECON

Abstract: This paper analizes the evolution of the FDI flows to ALADI and the macroeconomic and political factors that "determine" this flows. The econometric model includes variables that represent theoretical components such as: the degree of economic development; the market size and its dynamics; the exporting affiliates operations; macroeconomic stability; policy towards the TNCs. The results would suggest that a transition in the form of transnational expansion in the region, is in course. The localization based in the local market, with stand-alone affiliates, would be less relevant and the outsourcing international production (some activities being performed in host countries and linked to work done elsewhere, mainly in the home country) would be more important. Another evidence, is that would be doubts about the negative effects of regulatory policies if they are applied by a larger number of countries.

Pages: 66 pages
Date: 1996
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ude:wpaper:0696

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