Recent research has documented large differences among countries in ownership concentration in publicly trade firms, in the breadth and depth of capital markets, in dividend policies, and access of firms to external finance. A common element to the explanations of these differences is how well...

Is liberalization in developing countries good for growth even if it leads to crises? The answer is a clear yes. But then, how can we explain the less-than-stellar growth performance of Mexico, a prominent liberalizer and member of NAFTA? In this paper we address these questions by analyzing the...

In this paper, we study the main determinants of foreign investment in Mexico by means of a causality analysis with econometric techniques. We introduce a suitable country risk indicator and test for unit roots in the variables of the model. Moreover, we carry out test of cointegration in vector...

This paper analyze the factors that determine the receipt of foreign direct investment (FDI) by the Mercosur’s countries, specially the roll played by the regional integration process. The join panel (forty years and four countries) confirm that we can identify a “model” of Mercosur´s FDI...