Determinantes de los flujos de inversión extranjera directa estadounidense a través de un modelo gravitacional con componente espacial: evidencia para algunos países latinoamericanos

This paper seeks to identify the elements that are crucial for attracting foreign direct investment (FDI) from the United States. Using a modified gravity model that includes a spatial component an attempt is made to capture, for some countries in the Latin American region, the dynamics of complementarity or substitution that may occur when spatial elements, such as spatial lag and the surrounding potential market impact are included. The methodology closely follows that proposed by Blonigen et al (2007).