Fukumi, Atsushi; Nishijima, Shoji - In: Applied Economics 42 (2010) 14, pp. 1857-1864
The purpose of this article is to investigate the interaction between Foreign Direct Investment (FDI) and institutional quality through a panel analysis of 19 countries in Latin America and the Caribbean. We employed a simultaneous equation approach to avoid endogeneity biases and found that FDI...