Determinants and home-country effects of FDI outflows: Evidence from Latin American countries

Compartir
Título de la revista
ISSN de la revista
Título del volumen
Traducción
Citación

Determinants and home-country effects of FDI outflows: Evidence from Latin American countries

Resumen

Foreign direct investment (FDI) by Latin American companies has increased sharply since the beginning of the 2000s. While most investment flows correspond to firms from large economies (i.e. Argentina, Brazil, Chile, Mexico and Colombia), small economies have also witnessed the increasing internationalisation of their domestic companies. This study examines the strategies followed by multinational enterprises (MNEs) from Latin America when they decide to invest in other countries, highlighting differences by sector and issuer-country size. To that end a new database, which comprises quantitative information on the main operations abroad of Latin American enterprises (both greenfield, and mergers and acquisitions) was constructed, based on fDi Markets and Thomson Reuters Datastream. It also investigates the home-country effects of outward foreign direct investment (OFDI) by conducting a case study of Costa Rica through a representative sample of firms investing abroad.

TIPO DE DOCUMENTO

Tabla de Contenido

Abstract .-- Introduction .-- I. Conceptual framework .-- II. Recent performance of foreign direct investment in Latin America .-- III. Regression analysis .-- IV. Home-country effects of FDI outflows: The case of Costa Rican MNEs .-- V. Conclusions and policy recommendations.

Evento
Proyecto