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Foreign Direct Investment and Structural Reforms :, Evidence from Eastern Europe and Latin America, Yuko Kinoshita, Nauro Campos

This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- as determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004. Our main finding is a strong empirical relationship from reforms to FDI, in particular, from financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and potential endogeneity and omitted variables biases
Table Of Contents
Contents; I. Introduction; II. FDI in transition economies and Latin America; III. Modeling the Determinants of FDI; A. Brief Overview of the Literature; B. Econometric Model; IV. Data and Measurement: FDI, Structural Reforms and Institutions; A. Foreign Direct Investment; B. Measures of Structural Reform; C. Institutions; D. Other Control Variables; V. The Results; A. Baseline results; B. Decomposition of the financial sector reform; C. Robustness checks; VI. Conclusions; Figures; 1. Foreign Direct Investment Inflows over GDP,Latin American and Transition Economies, 1989-2004
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (40 p.)
Specific Material Designation
Form Of Item

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