Foreign Direct Investment and economic growth. Evidence for Latin America 1980-2010.
Keywords:
foreign direct investment, economic growth, international economicsAbstract
The relationship between Foreign Direct Investment (FDI) and Economic Growth (EC), and the reasons that lead investors to a particular country, have gained the attention of both academics and policy makers. The objective of this study is to determine whether there was a causal relationship between FDI and the EC for six Latin American countries (Argentina, Brazil, Colombia, Chile, Peru and Venezuela) between 1980-2010, using Granger’s causality tests in VAR models. The results confirm a causal relationship between FDI and the EC in these nations, being unidirectional and bidirectional in some cases.
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