Mendoza Velázquez, Alfonso; Conde Cortés, Luis David - In: Estudios de Economía 46 (2019) 2, pp. 191-225
This paper examines the dynamic association between foreign direct investment (FDI), public investment of local … FDI. We also find a negative and significant response of regional GDP growth to IPUB shocks, particularly in the north of … Mexico. Finally, we find that shocks to FDI do not encourage GDP growth and that states in the south even experience negative …