Romero, José - Centro de Estudios Económicos, Colegio de México - 2015
-oil exports, real imports and real foreign direct investment. There is only one bidirectional causality, that between GDP an FDI … Decomposition show that non-oil exports and FDI have little or no impact on GDP, not supporting the growth-led hypothesis or the one … that postulates that FDI promotes growth; nor do we find that GDP has a significant effect on non-oil exports, rejecting …