Foreign Direct Investment in Mexico since the Approval of
Cross-country panel data are used to assess the effect of free-trade agreements on flows of foreign direct investment (<EM t="s">fdi</EM>). Free-trade agreements are found to have a significant positive effect on <EM t="s">fdi</EM> flows, and free-trade agreements are found to matter more for the smaller members of the agreement. For example, the North American Free-Trade Agreement's (<EM t="s">nafta</EM>) effect on <EM t="s">fdi</EM> flows into Mexico is much larger than its effect on flows into the United States. These cross-country results are used to assess <EM t="s">nafta</EM>'s effect on <EM t="s">fdi</EM> flows into Mexico. After controlling for a set of other factors--such as an increase in worldwide <EM t="s">fdi</EM> flows--the trade agreement is found to generate <EM t="s">fdi</EM> flows nearly 60 percent higher than they would have been without the agreement. Copyright 2005, Oxford University Press.
Year of publication: |
2005
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Authors: | Cuevas, Alfredo ; Messmacher, Miguel ; Werner, Alejandro |
Published in: |
World Bank Economic Review. - World Bank Group. - Vol. 19.2005, 3, p. 473-488
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Publisher: |
World Bank Group |
Saved in:
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