On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014

Detalhes bibliográficos
Autor(a) principal: Alencar, Douglas
Data de Publicação: 2019
Outros Autores: Strachman, Eduardo [UNESP], Seixas Barbosa, Lucio Otavio, Branco Puty, Claudio Alberto Castelo
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional da UNESP
Texto Completo: http://dx.doi.org/10.13133/2037-3643_72.290_3
http://hdl.handle.net/11449/197550
Resumo: The aim of this work is to identify whether there was a relationship between foreign direct investment (FDI) and long-term growth in Latin America from 1990 to 2014. Some authors have questioned whether FDI and other capital flows, besides current account results, could constrain economic growth. If FDI and other capital flows are staunched and this is accompanied by capital outflows originated from FDI in previous periods, then it would be possible to experience a balance of payments constraint to economic growth. To test this hypothesis, we slightly amend the Thirlwall and Hussain model and employ the McCombie test for the cases of Brazil, Mexico, and Argentina. We find that the negative effect of primary income remittances on FDI, and even capital inflows through FDI, may curbs growth in the long run.
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spelling On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014capital flowseconomic growthexternal constraintThe aim of this work is to identify whether there was a relationship between foreign direct investment (FDI) and long-term growth in Latin America from 1990 to 2014. Some authors have questioned whether FDI and other capital flows, besides current account results, could constrain economic growth. If FDI and other capital flows are staunched and this is accompanied by capital outflows originated from FDI in previous periods, then it would be possible to experience a balance of payments constraint to economic growth. To test this hypothesis, we slightly amend the Thirlwall and Hussain model and employ the McCombie test for the cases of Brazil, Mexico, and Argentina. We find that the negative effect of primary income remittances on FDI, and even capital inflows through FDI, may curbs growth in the long run.Fed Univ Para, Belem, Para, BrazilSao Paulo State Univ, Sao Paulo, SP, BrazilFundacao Joao Pinheiro, Belo Horizonte, MG, BrazilSao Paulo State Univ, Sao Paulo, SP, BrazilAssoc Paolo Sylos LabiniFed Univ ParaUniversidade Estadual Paulista (Unesp)Fundacao Joao PinheiroAlencar, DouglasStrachman, Eduardo [UNESP]Seixas Barbosa, Lucio OtavioBranco Puty, Claudio Alberto Castelo2020-12-11T03:29:19Z2020-12-11T03:29:19Z2019-09-01info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article207-221http://dx.doi.org/10.13133/2037-3643_72.290_3Psl Quarterly Review. Rome: Assoc Paolo Sylos Labini, v. 72, n. 290, p. 207-221, 2019.2037-3635http://hdl.handle.net/11449/19755010.13133/2037-3643_72.290_3WOS:000496527100003Web of Sciencereponame:Repositório Institucional da UNESPinstname:Universidade Estadual Paulista (UNESP)instacron:UNESPengPsl Quarterly Reviewinfo:eu-repo/semantics/openAccess2024-06-10T19:42:20Zoai:repositorio.unesp.br:11449/197550Repositório InstitucionalPUBhttp://repositorio.unesp.br/oai/requestopendoar:29462024-06-10T19:42:20Repositório Institucional da UNESP - Universidade Estadual Paulista (UNESP)false
dc.title.none.fl_str_mv On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014
title On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014
spellingShingle On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014
Alencar, Douglas
capital flows
economic growth
external constraint
title_short On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014
title_full On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014
title_fullStr On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014
title_full_unstemmed On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014
title_sort On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014
author Alencar, Douglas
author_facet Alencar, Douglas
Strachman, Eduardo [UNESP]
Seixas Barbosa, Lucio Otavio
Branco Puty, Claudio Alberto Castelo
author_role author
author2 Strachman, Eduardo [UNESP]
Seixas Barbosa, Lucio Otavio
Branco Puty, Claudio Alberto Castelo
author2_role author
author
author
dc.contributor.none.fl_str_mv Fed Univ Para
Universidade Estadual Paulista (Unesp)
Fundacao Joao Pinheiro
dc.contributor.author.fl_str_mv Alencar, Douglas
Strachman, Eduardo [UNESP]
Seixas Barbosa, Lucio Otavio
Branco Puty, Claudio Alberto Castelo
dc.subject.por.fl_str_mv capital flows
economic growth
external constraint
topic capital flows
economic growth
external constraint
description The aim of this work is to identify whether there was a relationship between foreign direct investment (FDI) and long-term growth in Latin America from 1990 to 2014. Some authors have questioned whether FDI and other capital flows, besides current account results, could constrain economic growth. If FDI and other capital flows are staunched and this is accompanied by capital outflows originated from FDI in previous periods, then it would be possible to experience a balance of payments constraint to economic growth. To test this hypothesis, we slightly amend the Thirlwall and Hussain model and employ the McCombie test for the cases of Brazil, Mexico, and Argentina. We find that the negative effect of primary income remittances on FDI, and even capital inflows through FDI, may curbs growth in the long run.
publishDate 2019
dc.date.none.fl_str_mv 2019-09-01
2020-12-11T03:29:19Z
2020-12-11T03:29:19Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://dx.doi.org/10.13133/2037-3643_72.290_3
Psl Quarterly Review. Rome: Assoc Paolo Sylos Labini, v. 72, n. 290, p. 207-221, 2019.
2037-3635
http://hdl.handle.net/11449/197550
10.13133/2037-3643_72.290_3
WOS:000496527100003
url http://dx.doi.org/10.13133/2037-3643_72.290_3
http://hdl.handle.net/11449/197550
identifier_str_mv Psl Quarterly Review. Rome: Assoc Paolo Sylos Labini, v. 72, n. 290, p. 207-221, 2019.
2037-3635
10.13133/2037-3643_72.290_3
WOS:000496527100003
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Psl Quarterly Review
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 207-221
dc.publisher.none.fl_str_mv Assoc Paolo Sylos Labini
publisher.none.fl_str_mv Assoc Paolo Sylos Labini
dc.source.none.fl_str_mv Web of Science
reponame:Repositório Institucional da UNESP
instname:Universidade Estadual Paulista (UNESP)
instacron:UNESP
instname_str Universidade Estadual Paulista (UNESP)
instacron_str UNESP
institution UNESP
reponame_str Repositório Institucional da UNESP
collection Repositório Institucional da UNESP
repository.name.fl_str_mv Repositório Institucional da UNESP - Universidade Estadual Paulista (UNESP)
repository.mail.fl_str_mv
_version_ 1803649495078010880

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