U.S. foreign direct investment in Latin America and the Caribbean: a case of remittances and market size

References

• Abbott, A., D. O. Cushman, and G. DeVita. 2012. “Exchange Rate Regimes and Foreign Direct Investment Flows to Developing Countries.” Review of International Economics 20 (1): 95–107. doi:10.1111/j.1467-9396.2011.01010.x.
   Web of Science ®Google Scholar
• Aggarwal, R., A. Demirgüç-Kunt, and M. S. M. Pería. 2011. “Do Remittances Promote Financial Development?” Journal of Development Economics 96: 255–264. doi:10.1016/j.jdeveco.2010.10.005.
   Web of Science ®Google Scholar
• Agosin, M. R., and R. Machado. 2006. “Openness and the International Allocation of Foreign Direct Investment.” Economic and Sector Studies Series RE2-06-004.
   Google Scholar
• Asiedu, E. 2002. “On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different?” World Development 30 (1): 107–119. doi:10.1016/S0305-750X(01)00100-0.
   Web of Science ®Google Scholar
• Bajo-Rubio, O., and S. Sosvilla-Rivero. 1994. “An Econometric Analysis of Foreign Direct Investment in Spain, 1964–89.” Southern Economic Journal 61 (1): 104–120. doi:10.2307/1060133.
   Web of Science ®Google Scholar
• Barrel, R., and N. Pain. 1996. “An Econometric Analysis of U.S. Foreign Direct Investment.” The Review of Economics and Statistics 78 (2): 200–207. doi:10.2307/2109921.
   Web of Science ®Google Scholar
• Barrel, R., and N. Pain. 1999. “Trade Restraints and Japanese Direct Investment Flows.” European Economic Review 43: 29–45.
   Web of Science ®Google Scholar
• Barro, R., and X. Sala-i-Martin. 2004. Economic Growth. 2nd ed. Cambridge, MA: MIT Press.
   Google Scholar
• Basnet, H. C., and K. P. Upadhyaya. 2014. “Do Remittances Attract Foreign Direct Investment? An Empirical Investigation.” Global Economy Journal 14 (1): 1–9.
   Google Scholar
• Billington, N. 1999. “The Location of Foreign Direct Investment: An Empirical Analysis.” Applied Economics 31: 65–76. doi:10.1080/000368499324561.
   Web of Science ®Google Scholar
• Blonigen, B. A., and R. B. Davies. 2000. “The Effects of Bilateral Tax Treaties on U.S. FDI Activity.” NBER Working Paper No. 7929. Cambridge, MA: National Bureau of Economic Research.
   Google Scholar
• Blonigen, B. A., and R. C. Fenstra. 1996. “Protectionist Threats and Foreign Direct Investment.” NBER Working Paper No. 5475. Cambridge, MA: National Bureau of Economic Research.
   Google Scholar
• Brenton, P., F. Di Mauro, and M. Lücke. 1999. “Economic Integration and FDI: An Empirical Analysis of Foreign Investment in the EU and in Central and Eastern Europe.” Empirica 26: 95–121. doi:10.1023/A:1007006429600.
   Google Scholar
• Bruno, M., and W. Easterly. 1998. “Inflation Crises and Long-Run Growth.” Journal of Monetary Economics 41: 3–26. doi:10.1016/S0304-3932(97)00063-9.
   Web of Science ®Google Scholar
• Cameron, A. C., and P. K. Trivedi. 2005. Microeconometrics. New York, NY: Cambridge University Press.
   Google Scholar
• Chakrabarti, A. 2001. “The Determinants of Foreign Direct Investments: Sensitivity Analyses of Cross-Country Regressions.” Kyklos 54 (1): 89–114. doi:10.1111/kykl.2001.54.issue-1.
   Web of Science ®Google Scholar
• Cukierman, A., P. Kalaitzidakis, L. Summers, and S. B. Webb. 1993. “Central Bank Independence, Growth, Investment, and Real States.” In Carnegie-Rochester Conference Series on Public Policy, Vol. 39, 95–140. Amsterdam: North-Holland.
   Google Scholar
• Culem, C. G. 1988. “The Locational Determinants of Direct Investments among Industrialized Countries.” European Economic Review 32: 885–904. doi:10.1016/0014-2921(88)90051-7.
   Web of Science ®Google Scholar
• Cushman, D. O. 1985. “Real Exchange Rate Risk, Expectations, and the Level of Direct Investment.” The Review of Economics and Statistics 67 (2): 297–308. doi:10.2307/1924729.
   Web of Science ®Google Scholar
• Cushman, D. O. 1987. “The Effects of Real Wages and Labor Productivity on Foreign Direct Investment.” Southern Economic Journal 54 (1): 174–185. doi:10.2307/1058813.
   Web of Science ®Google Scholar
• Cushman, D. O. 1988. “Exchange-Rate Uncertainty and Foreign Direct Investment in the United States.” Weltwirtschaftliches Archive 124: 322–336. doi:10.1007/BF02706782.
   Google Scholar
• Dornbush, R., and S. Fischer. 1994. Macroeconomics. 6th ed. New York, NY: McGraw-Hill.
   Google Scholar
• ECLAC (Economic Commission for Latin America and the Caribbean). 2008. Foreign Direct Investment in Latin America and the Caribbean 2007. Santiago, Chile: United Nations.
   Google Scholar
• ECLAC (Economic Commission for Latin America and the Caribbean). 2011a. Foreign Direct Investment in Latin America and the Caribbean 2010. Santiago, Chile: United Nations.
   Google Scholar
• ECLAC (Economic Commission for Latin America and the Caribbean). 2011b. Latin America and the Caribbean in the World Economy. Santiago, Chile: United Nations.
   Google Scholar
• ECLAC (Economic Commission for Latin America and the Caribbean). 2014. Foreign Direct Investment in Latin America and the Caribbean 2013. Santiago, Chile: United Nations.
   Google Scholar
• Filippaios, F., M. Papanastassiou, and R. Pearce. 2003. “The Evolution of U.S. Outward Foreign Direct Investment in the Pacific Rim: A Cross-Time and Country Analysis.” Applied Economics 35: 1779–1787. doi:10.1080/0003684032000154220.
   Web of Science ®Google Scholar
• Fischer, S. 1993. “The Role of Macroeconomic Factors in Growth.” Journal of Monetary Economics 32: 485–512. doi:10.1016/0304-3932(93)90027-D.
   Web of Science ®Google Scholar
• Froot, K. A., and J. C. Stein. 1991. “Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach.” The Quarterly Journal of Economics 106: 1191–1217. doi:10.2307/2937961.
   Web of Science ®Google Scholar
• Garcia-Fuentes, P. A., and P. L. Kennedy. 2011. “Foreign Direct Investment Inflows to Latin America and the Caribbean: Remittances and Market Size.” Journal of International Agricultural Trade and Development 7 (1): 1–21.
   Google Scholar
• Globerman, S., and D. Shapiro. 2002. “Governance Infrastructure and U.S. Foreign Direct Investment.” Unpublished paper. Vancouver, BC: Simon Fraser University.
   Google Scholar
• Glytsos, N. P. 2005. “The Contribution of Remittances to Growth, A Dynamic Approach and Empirical Analysis.” Journal of Economic Studies 32 (6): 468–496. doi:10.1108/01443580510631379.
   Google Scholar
• Gransville, B., and S. Mallick. 2009. “Monetary and Financial Stability in the Euro Area: Procyclicality versus Trade-off.” Journal of International Financial Markets, Institutions and Money 19 (4): 662–674.
   Google Scholar
• Haggard, S. 1989. “The Political Economy of Foreign Direct Investment in Latin America.” Latin America Research Review 24 (1): 184–208.
   Google Scholar
• IMF (International Monetary Fund). 2005. World Economic Outlook 2005. Washington, DC: IMF.
   Google Scholar
• Lall, P., D. W. Norman, and A. M. Featherstone. 2003. “Determinants of US Direct Foreign Investment in the Caribbean.” Applied Economics 35: 1485–1496. doi:10.1080/0003684032000100382.
   Web of Science ®Google Scholar
• Love, J. H., and F. Lage-Hidalgo. 2000. “Analysing the Determinants of US Direct Investment in Mexico.” Applied Economics 32: 1259–1267. doi:10.1080/000368400404416.
   Web of Science ®Google Scholar
• Markusen, J. R. 1983. “Factor Movements and Commodity Trade as Complements.” Journal of International Economics 14: 341–356. doi:10.1016/0022-1996(83)90009-0.
   Web of Science ®Google Scholar
• Moosa, I. A. 2002. Foreign Direct Investment. Theory, Evidence and Practice. New York, NY: Palgrave.
   Google Scholar
• Mundell, R. A. 1957. “International Trade and Factor Mobility.” American Economic Review 47: 321–335.
   Web of Science ®Google Scholar
• Nigh, D. 1985. “The Effect of Political Events on United States Direct Foreign Investment: A Pooled Time-Series Cross-Sectional Analysis.” Journal of International Business Studies 16 (1): 1–17. doi:10.1057/palgrave.jibs.8490439.
   Web of Science ®Google Scholar
• Pain, N., and D. Van Welsum. 2003. “Untying the Gordian Knot: The Multiple Links between Exchange Rates and Foreign Direct Investment.” JCMS: Journal of Common Market Studies 41 (5): 823–846. doi:10.1111/jcms.2003.41.issue-5.
   Web of Science ®Google Scholar
• Romer, D. 2006. Advanced Macroeconomics. 3rd ed. New York, NY: McGraw-Hill.
   Google Scholar
• Schmitz, A., and J. Bieri. 1972. “EEC Tariffs and U.S. Direct Investment.” European Economic Review 3: 259–270. doi:10.1016/0014-2921(72)90007-4.
   Google Scholar
• Stevens, G. V. G. 1998. “Exchange Rates and Foreign Direct Investment: A Note.” Journal of Policy Modeling 20 (3): 393–401. doi:10.1016/S0161-8938(97)00007-0.
   Web of Science ®Google Scholar
• Taylor, J. E., J. Mora, R. Adams, and A. Lopez-Feldman. 2005. Remittances, Inequality and Poverty: Evidence from Rural Mexico. Mimeo, Davis: University of California.
   Google Scholar
• Temple, J. 1999. “The New Growth Evidence.” Journal of Economic Literature 37: 112–156. doi:10.1257/jel.37.1.112.
   Web of Science ®Google Scholar
• Terpstra, V., and C. Yu. 1988. “Determinants of Foreign Investment of U.S. Advertising Agencies.” Journal of International Business Studies 19 (1): 33–46. doi:10.1057/palgrave.jibs.8490373.
   Web of Science ®Google Scholar
• Tuman, J. P., and C. F. Emmert. 2004. “The Political Economy of U.S. Foreign Direct Investment in Latin America: A Reappraisal.” Latin American Research Review 39 (3): 9–28. doi:10.1353/lar.2004.0060.
   Web of Science ®Google Scholar
• UNCTAD (United Nations Conference on Trade and Development). 2002. World Investment Report. Switzerland: United Nations.
   Google Scholar
• UNCTAD (United Nations Conference on Trade and Development). 2012. UNCTAD Handbook of Statistics. New York, NY: United Nations.
   Google Scholar
• Waldkirch, A. 2003. “The ‘New Regionalism’ and Foreign Direct Investment: The Case of Mexico.” The Journal of International Trade & Economic Development 12 (2): 151–184. doi:10.1080/0963819032000084313.
   Google Scholar