The Political Economy of FDI in Latin America 1986–2006: A Sector-Specific Approach
This study examines the political determinants of foreign direct investment (FDI) across 15 Latin American countries from 1986 to 2006. In contrast to existing scholarship, we focus on the causes of investment by economic sector—primary resources, manufacturing, and services. Additionally, a regiona...
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| Veröffentlicht in: | Studies in comparative international development 2014-12, Vol.49 (4), p.426-447 |
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| creator | Hecock, R. Douglas Jepsen, Eric M. |
| description | This study examines the political determinants of foreign direct investment (FDI) across 15 Latin American countries from 1986 to 2006. In contrast to existing scholarship, we focus on the causes of investment by economic sector—primary resources, manufacturing, and services. Additionally, a regional focus on Latin America helps to control for omitted variables by comparing relatively similar countries. We find substantial variation in the causes and characteristics of FDI across sector. Specifically, manufacturing investment is volatile and attracted to less democratic regimes. In contrast, investment in primary resources privileges greater democracy and property rights protection, while FDI in services is associated with public fiscal responsibility. These results yield important theoretical and practical implications for scholars and policymakers throughout the region. |
| doi_str_mv | 10.1007/s12116-013-9143-x |
| format | Article |
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Douglas ; Jepsen, Eric M.</creator><creatorcontrib>Hecock, R. Douglas ; Jepsen, Eric M.</creatorcontrib><description>This study examines the political determinants of foreign direct investment (FDI) across 15 Latin American countries from 1986 to 2006. In contrast to existing scholarship, we focus on the causes of investment by economic sector—primary resources, manufacturing, and services. Additionally, a regional focus on Latin America helps to control for omitted variables by comparing relatively similar countries. We find substantial variation in the causes and characteristics of FDI across sector. Specifically, manufacturing investment is volatile and attracted to less democratic regimes. In contrast, investment in primary resources privileges greater democracy and property rights protection, while FDI in services is associated with public fiscal responsibility. 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Douglas</creatorcontrib><creatorcontrib>Jepsen, Eric M.</creatorcontrib><title>The Political Economy of FDI in Latin America 1986–2006: A Sector-Specific Approach</title><title>Studies in comparative international development</title><addtitle>St Comp Int Dev</addtitle><description>This study examines the political determinants of foreign direct investment (FDI) across 15 Latin American countries from 1986 to 2006. In contrast to existing scholarship, we focus on the causes of investment by economic sector—primary resources, manufacturing, and services. Additionally, a regional focus on Latin America helps to control for omitted variables by comparing relatively similar countries. We find substantial variation in the causes and characteristics of FDI across sector. Specifically, manufacturing investment is volatile and attracted to less democratic regimes. In contrast, investment in primary resources privileges greater democracy and property rights protection, while FDI in services is associated with public fiscal responsibility. These results yield important theoretical and practical implications for scholars and policymakers throughout the region.</description><subject>Americas</subject><subject>Democracy</subject><subject>Determinants</subject><subject>Developing countries</subject><subject>Economic development</subject><subject>Economic models</subject><subject>Economic policy</subject><subject>Economic statistics</subject><subject>Economics</subject><subject>Financing</subject><subject>Foreign direct investment</subject><subject>Foreign Investment</subject><subject>Foreign investments</subject><subject>Intellectuals</subject><subject>Investment</subject><subject>Latin America</subject><subject>LDCs</subject><subject>Liberalization</subject><subject>Manufacturing</subject><subject>Manycountries</subject><subject>Political Economy</subject><subject>Political science</subject><subject>Portfolio investments</subject><subject>Property Rights</subject><subject>Regional</subject><subject>Right of property</subject><subject>Scholarship</subject><subject>Services</subject><subject>Social Sciences</subject><subject>Studies</subject><subject>Tax reform</subject><issn>0039-3606</issn><issn>1936-6167</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2014</creationdate><recordtype>article</recordtype><sourceid>7QJ</sourceid><sourceid>7UB</sourceid><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNqN0c1qFTEUB_AgCl6rD-Au4MZN6snH5MPdUFstXFBouw65maRNmZlck7nQ7nwH39AnMZdxIYJQAgmE3z_JyUHoLYVTCqA-VMoolQQoJ4YKTh6eoQ01XBJJpXqONgDcEC5BvkSvar0HoEyB2aCb67uAv-UxLcm7EZ_7POfpEeeILz5d4jTjrVva3E-hNICp0fLXj58MQH7EPb4KfsmFXO2DTzF53O_3JTt_9xq9iG6s4c2f9QTdXJxfn30h26-fL8_6LfFCy4V0OwDWucCHGLjoVAAfBu-0diyKnaCDBjZ0QmojDTNxACaiUlH4XcPRAD9B79dz27XfD6EudkrVh3F0c8iHaqnUQJtV-glUArTqGH0CFRoUN8Y0-u4fep8PZW41HxV0xlDZNXW6qls3BpvmmJfifBtDmFL78RBT2-8FKKlaB1kL0DXgS661hGj3JU2uPFoK9thvu_bbNm2P_bYPLcPWTG12vg3lr6f8N_Qb2TCpWw</recordid><startdate>20141201</startdate><enddate>20141201</enddate><creator>Hecock, R. 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Douglas ; Jepsen, Eric M.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c486t-5b0025ae3dfe3457e0cedca88a2f4b41d802d546896929fd024f77f4cb457f903</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2014</creationdate><topic>Americas</topic><topic>Democracy</topic><topic>Determinants</topic><topic>Developing countries</topic><topic>Economic development</topic><topic>Economic models</topic><topic>Economic policy</topic><topic>Economic statistics</topic><topic>Economics</topic><topic>Financing</topic><topic>Foreign direct investment</topic><topic>Foreign Investment</topic><topic>Foreign investments</topic><topic>Intellectuals</topic><topic>Investment</topic><topic>Latin America</topic><topic>LDCs</topic><topic>Liberalization</topic><topic>Manufacturing</topic><topic>Manycountries</topic><topic>Political Economy</topic><topic>Political science</topic><topic>Portfolio investments</topic><topic>Property Rights</topic><topic>Regional</topic><topic>Right of property</topic><topic>Scholarship</topic><topic>Services</topic><topic>Social Sciences</topic><topic>Studies</topic><topic>Tax reform</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Hecock, R. 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Douglas</au><au>Jepsen, Eric M.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Political Economy of FDI in Latin America 1986–2006: A Sector-Specific Approach</atitle><jtitle>Studies in comparative international development</jtitle><stitle>St Comp Int Dev</stitle><date>2014-12-01</date><risdate>2014</risdate><volume>49</volume><issue>4</issue><spage>426</spage><epage>447</epage><pages>426-447</pages><issn>0039-3606</issn><eissn>1936-6167</eissn><coden>SCIDAP</coden><abstract>This study examines the political determinants of foreign direct investment (FDI) across 15 Latin American countries from 1986 to 2006. In contrast to existing scholarship, we focus on the causes of investment by economic sector—primary resources, manufacturing, and services. Additionally, a regional focus on Latin America helps to control for omitted variables by comparing relatively similar countries. 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| source | EBSCO Business Source Complete; Worldwide Political Science Abstracts; Applied Social Sciences Index & Abstracts (ASSIA); Springer Nature - Complete Springer Journals; Political Science Complete |
| subjects | Americas Democracy Determinants Developing countries Economic development Economic models Economic policy Economic statistics Economics Financing Foreign direct investment Foreign Investment Foreign investments Intellectuals Investment Latin America LDCs Liberalization Manufacturing Manycountries Political Economy Political science Portfolio investments Property Rights Regional Right of property Scholarship Services Social Sciences Studies Tax reform |
| title | The Political Economy of FDI in Latin America 1986–2006: A Sector-Specific Approach |
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