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  1. FDI and Growth: Cointegration and Causality in the Cases of Chile and Colombia

    Forero-Perez, Adriana-Maria
    Chile and Colombia are two prosperous economies among the main FDI recipients in Latin America. Both countries underwent structural reforms that favored the entrance of transnational corporations and liberalized the economies. Considering that FDI flows have been largely resource-seeking and market-seeking it seems that the main driver of FDI in these two countries, besides their resource endowment, is economic growth. The document explores the hypothesis of growth-driven FDI carrying out cointegration and Granger causality tests at aggregate and sector levels. After the introduction, Chapters 2 and 3 present the evolution of world FDI flows and a literature review. Chapters 4...
    (application/pdf) - 18-oct-2016

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