Analysing the determinants of US direct investment in Mexico

Applied Economics

Volumn 32, Issue 10, 2000, Pages 1259-1267

  Love, James H ^a   Lage Hidalgo, Francisco ^b  

^a ASTON UNIVERSITY   (United Kingdom)

^b Mergers and Acquisitions Group   (Mexico)

Author keywords

[No Author keywords available]

Indexed keywords

COINTEGRATION ANALYSIS; FOREIGN DIRECT INVESTMENT; INVESTMENT INCENTIVE; METHODOLOGY;

MEXICO; UNITED STATES;

EID: 0033899065     PISSN: 00036846     EISSN: None     Source Type: Journal    
DOI: 10.1080/000368400404416     Document Type: Article

References (41)

1. Aitken, B., Harrison, A. and Lipsey, R. E. (1996) Wages and foreign ownership: a comparative study of Mexico, Venezuela and the United States, Journal of International Economics, 40, 345-71.
2. Bajo-Rubio, O. and Sosvilla-Rivero, S. (1994) An econometric analysis of foreign direct investment in Spain, 1964-89, Southern Economic Journal, 61, 104-20.
3. Balasubramanyam, V. N., Salisu, M., and Sapsford, D. (1996) Foreign direct investment and growth in EP and IS countries, Economic Journal, 106, 92-105.
4. Barrell, R. and Pain, N. (1996) An econometric analysis of US foreign direct investment, Review of Economics and Statistics, 78, 200-7.
5. Barrell, R. and Pain, N. (1997) The growth of foreign direct investment in Europe, National Institute Economic Review, April, 63-75.
6. Blomström, M. (1989) Foreign Investment and Spillovers: a Study of Technology Transfer to Mexico, Routledge, London.
7. Blomström, M. and Persson, H. (1983) Foreign investment and spillover efficiency in an underdeveloped economy: evidence from the Mexican manufacturing industry, World Development, 11, 493-501.
8. Blomström, M. and Wolff, E. (1994) Multinational corporations and productivity convergence in Mexico, in Convergence of Productivity: Cross-National Studies and Historical Evidence (Eds) W. Baumol, R. Nelson and E. Wolff, Oxford University Press, Oxford.
9. Bueno, G. M. (1991) Mexico's options in trade negotiations, The World Economy, 14, 67-77.
10. Calvo, G. A., Leiderman, L. and Reinhart, C. M. (1993) Capital inflows and real exchange rate appreciation in Latin America, IMF Staff Papers, 40, 108-51.
11. Caves, R. E. (1996) Multinational Enterprise and Economic Analysis (2nd edn.), Cambridge University Press, Cambridge.
12. Cushman, D. O. (1987) The effects of real wages and labor productivity on foreign direct investment, Southern Economic Journal, 54, 174-85.
13. Engle, R. F. and Granger, C. W. J. (1987) Cointegration and error correction: representation, estimation and testing, Econometrica, 55, 251-76.
14. Feenstra, R. C. and Hanson, G. H. (1997) Foreign direct investment and relative wages: evidence from Mexico's maquiladoras, Journal of International Economics, 42, 371-93.
15. Froot, K. A. and Stein, J. C. (1991) Exchange rates and foreign direct investment: an imperfect capital markets approach, Quarterly Journal of Economics, 105, 1191-218.
16. Geist, M. E. (1995) Toward a general agreement on the regulation of foreign direct investment, Lair and Policy in International Business, 26, 673-717.
17. Goldsborough, D. (1979) The role of foreign direct investment in the external adjustment process, IMF Staff Papers, 26, 725-54.
18. Grosse, R. (1989) Multinationals in Latin America, Routledge, London.
19. Hufbauer, G. C. and Schott, J. J. (1992) North American Free Trade: Issues and Recommendations, Institute for International Economics, Washington DC.
20. International Labour Office, Yearbook of Labour Statistics, various issues, Geneva.
21. International Monetary Fund (IMF), International Financial Statistics Yearbook, various issues, Washington, DC.
22. Klein, M. W. and Rosengren E. (1994) The real exchange rate and foreign direct investment in the United States: relative wealth vs. relative wage effects, Journal of International Economics, 36, 373-89.
23. Kokko, A. (1994) Technology, market characteristics and spillovers, Journal of Development Economics, 43, 279-93.
24. Kokko, A. (1996) Productivity spillovers from competition between local firms and foreign affiliates, Journal of International Development, 8, 517-30.
25. Loser, C. and Kalter, E. (1992) Mexico: The Strategy to Achieve Sustained Economic Growth, International Monetary Fund Occasional Paper 99, September, Washington DC.
26. Love, J. H. and Lage-Hidalgo, F. (1999a) Is there competition for US direct investment? A perspective on NAFTA, The World Economy, 22, 207-21.
27. Love, J. H. and Lage-Hidalgo, F. (1999b) The ownership advantage in Latin American FDI: a sectoral study of US direct investment in Mexico, Journal of Development Studies, 35, 76-95.
28. Lucas, R. E. B. (1993) On the determinants of direct foreign investment: evidence from East and Southeast Asia, World Development, 21, 391-406.
29. Lunn, J. (1980) Determinants of US direct investment in the EEC, European Economic Review, 13, 93-101.
30. Nacional Financiera (1990), La economia mexicana en cifras, Mexico.
31. Organisation for Economic Co-operation and Development (OECD)(1996), National Accounts. Main Aggregates Volume I 1960-1994, France.
32. Pain, N. (1993) An econometric analysis of foreign direct investment in the United Kingdom, Scottish Journal of Political Economy, 40, 1-23.
33. Phillips, P. C. B. and Hansen, B. E. (1990) Statistical inference in instrumental variables regression with 1(1) processes, Review of Economic Studies, 57, 99-125.
34. Ray, E. J. (1977) Foreign direct investment in manufacturing, Journal of Political Economy, 85, 283-97.
35. Scaperlanda, A. and Balough, R. S. (1983) Determinants of US direct investment in the EEC: revisited, European Economic Review, 21, 381-90.
36. Schneider, F. and Frey, B. S. (1985) Economic and political determinants of foreign direct investment, World Development, 13, 161-75.
37. Szymczak, P. (1992) International trade and investment liberalization: Mexico's experience and prospects, in Mexico: The Strategy to Achieve Sustained Economic Growth, Loser, Claudio & Kalter, Eliot (Eds.), International Monetary Fund Occasional Paper 99, September, Washington DC.
38. United Nations Conference on Trade and Development (UNCTAD) (1993) World Investment Report 1993. Transnational Corporations and Integrated International Production, New York.
39. United Nations Transnational Corporations and Management Division (UNTCNM) (1992), World Investment Report 1992. Transnational Corporations as Engines of Growth, New York.
40. United States Department of Commerce (DOC), Survey of Current Business, various issues, Washington, DC.
41. Whiting Jr. Van R. (1991) Mexico's new liberalism in foreign investment and technology: policy choice and global structure, Columbia Journal of World Business, 26, 138-51.