کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
992625 935852 2006 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Is foreign direct investment beneficial for Mexico? An empirical analysis, 1960–2001
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Is foreign direct investment beneficial for Mexico? An empirical analysis, 1960–2001
چکیده انگلیسی

SummaryThis paper examines the impact of foreign direct investment (FDI) on labor productivity growth in Mexico. Using cointegration analysis, a dynamic labor productivity function for the 1960–2001 period is estimated that includes, inter alia, the impact of changes in the stock of private and foreign capital per worker. The error correction model (ECM) estimates suggest that increases in both private (lagged) and foreign (lagged) investment per worker have a positive and economically significant effect on the rate of labor productivity growth. However, after taking into account the growing remittances of profits and dividends, there is a marked decrease in the economic effect of foreign capital per worker on the rate of labor productivity growth. The paper assesses the short-term interactions of the relevant variables via impulse response functions (IRFs) and variance decompositions (VDCs) based on a decomposition process that does not depend on the ordering of the variables.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: World Development - Volume 34, Issue 5, May 2006, Pages 802–817
نویسندگان
,