Foreign direct investment and structural reforms : evidence from Eastern Europe and Latin America /

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Bibliographic Details
Author / Creator:	Campos, Nauro F., author.
Imprint:	Washington, D.C. : International Monetary Fund, IMF Institute, 2008.
Description:	1 online resource (38 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/08/26 IMF working paper ; WP/08/26.
Subject:	Investments, Foreign -- Latin America -- Econometric models. Investments, Foreign -- Europe, Eastern -- Econometric models. Structural adjustment (Economic policy) -- Latin America -- Econometric models. Structural adjustment (Economic policy) -- Europe, Eastern -- Econometric models. Investments, Foreign -- Econometric models. Structural adjustment (Economic policy) -- Econometric models. Eastern Europe. Latin America.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496062

Hidden Bibliographic Details
Other authors / contributors:	Kinoshita, Yuko, author. IMF Institute. International Monetary Fund.
ISBN:	1283511258 9781283511254
Notes:	Includes bibliographical references (pages 31-38). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	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.
Other form:	Print version: Campos, Nauro F. Foreign direct investment and structural reforms. Washington, D.C. : International Monetary Fund, IMF Institute, 2008

Table of 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.
2. Foreign Direct Investment Inflows per Worker, Latin American and Transition Economies, 1989-20043. Overall Financial Reform Index; 4. Index of Efficiency of Financial Intermediation; 5. Trade Liberalization Index; 6. Privatization Index; Tables; 1. Determinants of FDI:Baseline Model: [Dependent variable = log(FDI/GDP)]; 2. Determinants of FDI: Decomposition of Financial Liberalization [Dependent variable = log(FDI/GDP)]; 3. Determinants of FDI: Nonfinancial vs Financial FDI [Dependent variable = log(FDI/GDP)]
4. Determinants of FDI:Robustness Check -Institutions [Dependent variable = log(FDI/GDP)]5. Determinants of FDI:Robustness Check
Infrastructure [Dependent variable = log(FDI/GDP)]; References.

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