Economic reforms and inflows of foreign direct investment in Latin America

Latin American Research Review

Volumn 41, Issue 1, 2006, Pages 51-75

  Biglaiser, Glen ^a   DeRouen Jr , Karl ^b  

^a TEXAS TECH UNIVERSITY   (United States)

^b UNIVERSITY OF ALABAMA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33244457439     PISSN: 00238791     EISSN: None     Source Type: Journal    
DOI: 10.1353/lar.2006.0001     Document Type: Article

References (99)

1. Achen, Christopher 2000 "Why Lagged Dependent Variables Can Suppress the Explanatory Power of Other Dependent Variables." Unpublished manuscript. Available at: http://polmeth.wustl.edu/papers/00/achen00.zip.
2. Agarwal, Jamuna P., Andrea Gubitz, and Peter Nunnenkamp 1992 Foreign Direct Investment in Developing Countries: The Case of Germany. Ann Arbor, MI: University of Michigan Press.
3. Akinsanya, Adeoye A. 1980 The Expropriation of Multinational Property in the Third World. New York, NY: Praeger.
4. Ames, Barry 2000 The Deadlock of Democracy in Brazil. Ann Arbor, MI: University of Michigan Press.
5. Amirahmadi, Hooshang, and Weiping Wu 1994 "Foreign Direct Investment in Developing Countries." Journal of Developing Areas 26: 167-190.
6. Armijo, Leslie Elliott, Ed. 1999 Financial Globalization and Democracy in Emerging Markets. New York: Palgrave/St. Martin's Press.
7. Baer, Werner 1972 "Import Substitution and Liberalization in Latin America." Latin American Research Review 7:95-122.
8. Baer, Werner, and William R. Miles, Eds. 2001 Foreign Direct Investment in Latin America: Its Changing Nature at the Turn of the Century. Binghamton (NY): International Business Press.
9. Bajpai, Nirupam, and Jeffrey D. Sachs 2000 "Foreign Direct Investment in India: Issues and Problems." Development Discussion Paper 759, Harvard Institute for International Development.
10. Banks, Arthur S. 1999 Cross-National Time-Series Data Archive. Birmingham, NY: Banner Software
11. Beck, Nathaniel, and Jonathan N. Katz 1995 "What to Do (and Not to Do) with Time-series Cross-section Data." American Political Science Review 89: 634-647.
12. Bhagwati, Jagdish N., Elias Dinopoulos, and Kar-yu Wong 1992 "Quid Pro Quo Foreign Investment." The American Economic Review 82:186-190
13. Biglaiser, Glen, and David S. Brown 2003 "The Determinants of Privatization in Latin America." Political Research Quarterly 56: 73-85.
14. Biglaiser, Glen, and Michelle Danis 2002 "Privatization and Democracy: The Effects of Regime Type in the Developing World." Comparative Political Studies 35: 83-102.
15. Birch, Melissa H. 1991 "Changing Patterns of Foreign Investment in Latin America." Latin American Business Review 31: 141-158.
16. Birch, Melissa H. 1994 "Foreign Direct Investment in Latin America during the 1990s." In Privatization in Latin America: New Roles for the Public and Private Sectors, edited by Werner Baer and Melissa H. Birch, 95-116. Westport, CT: Praeger.
17. Birch, Melissa H., and Garrett Halton 2001 "Foreign Direct Investment in Latin America in the 1990s: Old Patterns, New Trends, and Emerging Issues." In Foreign Direct Investment in Latin America: Its Changing Nature at the Turn of the Century, edited by Werner Baer and William R. Miles, 13-32. Binghamton, NY: International Business Press.
18. Boeker, Paul H. 1993 Latin America's Turnaround: Privatization, Foreign Investment, and Growth. San Francisco: International Center for Economic Growth: Institute of the Americas: ICS Press.
19. Bollen, Kenneth A., and Scott T. Jones 1982 "Political Instability and Foreign Direct Investment: The Motor Vehicle Industry, 1948-65." Social Forces 60: 1070-1088.
20. Brewer, Thomas 1993 "Foreign Direct Investment in Emerging Market Countries." In The Global Race for Foreign Direct Investment, edited by Lars Oxelheim, 177-204. New York: Springer-Verlag.
21. Cho, Hye Jee 2003 "Political Risk, Labor Standards, and Foreign Direct Investment." Presented at the 61st Midwest Political Science Association Annual Conference, Chicago Palmer House Hilton, April 3-6.
22. Coppedge, Michael 1999 "District Magnitude, Economic Performance, and Party-system Fragmentation in Five Latin American Countries." Comparative Political Studies 30: 156-186.
23. Crenshaw, Edward 1991 "Foreign Direct Investment as a Dependent Variable." Social Forces 69:1169-1182.
24. De Soto, Hernando 2000 The Mystery of Capitalism: Why Capitalism Triumphs in the West and Fails Everywhere Else. New York: Basic Books.
25. Dixon, William, and Terry Boswell 1996 "Dependency, Disarticulation, and Denominator Effects: Another Look at Foreign Capital Penetration." American Journal of Sociology 102:766-782.
26. Dunning, John H. 1981 International Production and the Multinational Enterprise. Boston: Allen and Unwin.
27. Edwards, Sebastian 1995 Crisis and Reform in Latin America: From Despair to Hope. New York: Oxford University Press.
28. Elligsen, Tore, and Karl Warneryd 1999 "Foreign Direct Investment and the Political Economy of Protection." International Economic Review 40: 357-379.
29. Feng, Yi 2003 Democracy, Governance, and Economic Performance: Theory and Evidence. Cambridge, MA: MIT Press.
30. Figueiredo, Argelina Cheibub, and Fernando Limongi 2000 "Presidential Power, Legislative Organization, and Party Behavior in Brazil." Comparative Politics 32: 151-171.
31. Firebaugh, Glenn 1992 "Growth Effects of Foreign and Domestic Investment." American Journal of Sociology 98: 105-130.
32. Frieden, Jeffry A. 1991 Debt, Development, and Democracy: Modern Political Economy in Latin America. Princeton: Princeton University Press.
33. Gastanaga, Victor M., Jeffrey B. Nugent, and Bistra Pashamova 1998 "Host Country Reforms and FDI Inflows: How Much Difference do they Make?" World Development 26:1299-1314.
34. Globerman, Steven, and Daniel Shapiro 2002 "Global Foreign Direct Investment Flows: The Role of Governance Infrastructure." World Development 30: 1899-1919.
35. Gourevitch, Peter A. 1993 "Democracy and Economic Policy: Elective Affinities and Circumstantial Conjectures." World Development 21: 1271-1280.
36. Grosse, Robert 1997 "Foreign Direct Investment in Latin America." In Generating Savings for Latin American Development, edited by Robert Grosse, 135-153. Coral Gables FL: North-South Center Press, University of Miami.
37. Grosse, Robert 2001 "Intra- and Extraregional Foreign Direct Investment in Latin America." In Financing for Development in Latin America and the Caribbean, edited by Andrés Franco, 119-143. New York: United Nations University Press.
38. Haendel, Dan 1979 Foreign Investments and the Management of Political Risk. Boulder: Westview Press Inc.
39. Haggard, Stephan, and Robert R. Kaufman 1995 "The Challenges of Consolidation." In Economic Reform and Democracy, edited by Larry Diamond and Marc F. Plattner, 1-12. Baltimore: Johns Hopkins University Press.
40. Haley, Mary Ann 1999 "Emerging Market Makers: The Power of Institutional Investors." In Financial Globalization and Democracy in Emerging Markets, edited by Leslie Elliott Armijo, 74-90. New York: Palgrave/St. Martin's Press.
41. Hall, Peter 1989 The Political Power of Economic Ideas: Keynesianism across Nations. Princeton: Princeton University Press.
42. Harms, Philipp, and Heinrich W. Ursprung 2002 "Do Civil and Political Repression Really Boost Foreign Direct Investments?" Economic Inquiry 40: 651-663.
43. Heo, Uk, and Karl DeRouen 2002 "Modernization and Dependency Revisited: US Direct Investment, Development, and Polity in LA, 1950-1998." Global Economic Review 31(3): 67-93.
44. Hirschman, Albert O. 1968 "The Political Economy of Import-substitution Industrialization in Latin America." Quarterly Journal of Economics 82:1-32.
45. Huntington, Samuel P. 1968 Political Order in Changing Societies. New Haven: Yale University Press.
46. Jensen, Nathan M. 2002 "The Political Economy of Foreign Direct Investment." Ph.D. diss, Yale University, New Haven, CT.
47. Jensen, Nathan M. 2003 "Democratic Governance and Multinational Corporations: Political Regimes and Inflows of Foreign Direct Investment." International Organization 57:587-616
48. Keele, Luke, and Nathan Kelly 2004 "Dynamic Models for Dynamic Theories: The Ins and Outs of Lagged Dependent Variables." Unpublished manuscript. Available at http://polmeth.wustl.edu/papers/04/ LDVApril21.pdf
49. Kentor, Jeffrey 1998 "Ihe Long-term Effects of Foreign Investment Dependence on Economic Growth, 1940-1990." American Journal of Sociology 103: 1024-1046.
50. Knack, Stephen, and Philip Keefer 1995 "Institutions and Economic Performance: Cross-Country Tests Using Alternative Institutional Measures." Economics and Politics 7: 207-227.
51. Lehmann, Alexander 1999 "Country Risks and the Investment Activity of U.S. Multinationals in Developing Countries." IMF Working Papers WP/99/133.
52. Levis, Mario 1979 "Does Political Instability in Developing Countries Affect Foreign Investment Flow? An Empirical Examination." Management International Review 19:59-68.
53. Li, Quan, and Adam Resnick 2003 "Reversal of Fortunes: Democratic Institutions and Foreign Direct Investment Inflows to Developing Countries." International Organization 57: 175-211.
54. Lipsey, Robert E. 2001 "Foreign Direct Investment and the Operations of Multinational Firms: Concepts, History, and Data." NBER Working Paper, w8665. Cambridge, MA: National Bureau of Economic Research.
55. Lora, Eduardo 1997 "A Decade of Structural Reforms: All Pain No Gain?" In Latin America after a Decade of Reforms: Economic and Social Progress 1997 Report (part 2). Washington, D.C.: Inter American Development Bank.
56. Mallampally, Padma, and Karl Sauvant 1999 "Foreign Direct Investment in Developing Countries." Finance and Development 36:34-37.
57. Manzetti, Luigi 1999 Privatization South American Style. New York: Oxford University Press.
58. Markusen, James R. 1995 "The Boundaries of Multinational Enterprises and the Theory of International Trade." The Journal of Economic Perspectives 9: 169-189.
59. Marshall, Monty 2002 "Measuring the Societal impact of War." In From Reaction to Conflict Prevention: Opportunities for the UN System, edited by Fen Osler Hampson and David Malone, 63-104. Boulder: Lynne Rienner.
60. Marshall, Monty, G, and Keith Jaggers 2002 Polity IV Project: Political Regime Characteristics and Transitions, 1800-2000. College Park. University of Maryland, http://www.cidcm.umd.edu/inscr/polity/
61. McKeown, Timothy J. 1999 "The Global Economy, Post-Fordism, and Trade Policy in Advanced Capitalist States." In Continuity and Change in Contemporary Capitalism, edited by Herbert Kitschelt, Peter Lange, Gary Marks, and John D. Stephens, 11-35. Cambridge: Cambridge University Press.
62. Morley, Samuel A., Machado, Roberto, and Stefano Pettinato 1999 Indexes of Structural Reform in Latin America. Santiago: ECLAC.
63. North, Douglass C. 1990 Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press.
64. Oneal, John 1988 "Foreign Investment in Less Developed Regions." Political Science Quarterly 103: 131-148.
65. Oneal, John 1994 "The Affinity of Foreign Investors for Authoritarian Regimes." Political Research Quarterly 47:565-589.
66. Oneal, John, and Frances Oneal 1988 "Hegemony, Imperialism, and the Profitability of Foreign Investment." International Organization 42:347-373.
67. Oxford University Press 1995 Bureaucrats in Business: The Economics and Politics of Government Ownership. New York.
68. Pastor, Manuel, Jr. 1992 "Inversión Privada y el'Efecto Arrastre' dela Deuda Externa en América Latina." El Trimestre Económico 59: 107-151.
69. Pastor, Manuel, Jr., and Eric Hilt 1993 "Private Investment and Democracy in Latin America." World Development 21: 489-507.
70. Ramamurti, Ravi 1996 "The New Frontier of Privatization." In Privatizing Monopolies: Lessons from the Telecommunications and Transport Sectors in Latin America, edited by Ravi Ramamurti, 1-45. Baltimore: Johns Hopkins University Press.
71. Ramirez, Miguel D. 2001 "Foreign Direct Investment in Mexico and Chile: A Critical Appraisal." In Foreign Direct Investment in Latin America: Its Changing Nature at the Turn of the Century, edited by Werner Baer and William R. Miles, 55-82. Binghamton, NY: International Business Press.
72. Remmer, Karen L. 1991 Military Rule in Latin America. Boulder: Westview Press.
73. Rodrik, Dani 1996 "Understanding Economic Policy Reform." Journal of Economic Literature 34:9-41.
74. Root, F. and A.A. Ahmed 1978 "The Influence of Policy Instruments on Manufacturing Direct Foreign Investment in Developing Countries." Journal of International Business Studies 9: 81-94.
75. Rothgeb, John M. 1984 "The Effects of Foreign Investment on Overall and Sectoral Growth in the Third World States." Journal of Peace Research 21: 4-15.
76. Rothgeb, John M. 1990 "Investment Dependence and Political Conflict in the Third World Countries." Journal of Peace Research 27: 255-272.
77. Rothgeb, John M. 1991 "The Effects of Foreign Investment upon Political Protest and Violence in Underdeveloped Societies." The Western Political Quarterly 44: 9-38.
78. Rummel, R.J. and David A. Heenan 1978 "How Multinationals Analyze Political Risk." Harvard Business Review 1: 67-76.
79. Schott, Jeffrey J. and Barbara Oegg 2001 "Europe and the Americas: Toward a TAFTA-South?" The World Economy 24: 745-759.
80. Shugart, Matthew Soberg, and John M. Carey 1992 Presidents and Assemblies: Constitutional Design and Electoral Dynamics. Cambridge, UK: Cambridge University Press.
81. Sikkink, Kathryn 1991 Ideas and Institutions: Developmentalism in Brazil and Argentina. Ithaca: Cornell University Press.
82. Spero, Joan Edelman, and Jeffrey A. Hart 2003 The Politics of International Economic Relations, 6th ed. Belmont, CA: Thomson Wadsworth.
83. Stallings, Barbara, and Robert R. Kaufman 1989 "Debt and Democracy in the 1980s: The Latin American Experience." In Debt and Democracy in Latin America, edited by Barbara Stallings and Robert Kaufman, 205-216. Boulder: Westview Press.
84. StataCorp 2001 Stata Statistical Software: Release 7.0. College Station, TX: Stata Corporation.
85. Svensson, Jakob 1999 "Aid, Growth and Democracy," Economics & Politics 11: 275-297.
86. Thorp, Rosemary 1998 Progress, Poverty and Exclusion: An Economic History of Latin America in the 20th Century. Washington, D.C.: Inter-American Development Bank.
87. Toral, Pablo 2001 The Reconquest of the New World: Multinational Enterprises and Spain's Direct Investment in Latin America. Burlington: Ashgate.
88. Trevino, Len J., Daniels, John D., and Harvey Arbeláez 2002 "Market Reform and FDI in Latin America: An Empirical Investigation." Transnational Corporations 2: 29-43.
89. Trevino, Len J., Daniels, John D., Arbeláez, Harvey, Kamal P. Upadhaya 2002 "Market Reform and FDI in Latin America: Evidence from an Error Correction Model." International Trade Journal 36: 367-92.
90. Tsebelis, George 2002 Veto Players: How Political Institutions Work. New York: Russell Sage Foundation; Princeton: Princeton University Press.
91. Tuman, John P., and Craig F. Emmert 1999 "Explaining Japanese Foreign Direct Investment in Latin America, 1979-1992." Social Science Quarterly 80: 539-555.
92. Tuman, John P., and Craig F. Emmert 2004 "The Political Economy of U.S. Foreign Direct Investment in Latin America: A Reappraisal." Latin American Research Review 39:9-28.
93. Tures, John A. 2003 "The Impact of Instability and Institutions on U.S. Foreign Direct Investment in Developing Areas." Journal of Conflict, Security and Development 3: 163-183.
94. Vernon, Raymond 1971 Sovereignty at Bay: The Multinational Spread of U.S. Enterprises. New York: Basic Books.
95. Vernon, Raymond 1998 In the Hurricane's Eye: The Troubled Prospects of Multinational Enterprises. Cambridge: Harvard University Press.
96. Wilkins, Mira 1974 The Maturing of Multinational Enterprise: American Business Abroad from 1914 to 1970. Cambridge: Harvard University Press.
97. Winters, Jeffrey A. 1999 "Indonesia: On the Mostly Negative Role of Transnational Capital in Democratization." In Financial Globalization and Democracy in Emerging Markets, edited by Leslie Elliott Armijo, 233-250. New York: Palgrave/St. Martin's Press.
98. Wintrobe, Ronald 1998 The Political Economy of Dictatorship. Cambridge, UK: University Press.
99. World Bank 2003 World Development Indicators. Washington, D.C.