Biblioteca Digital de VanguardiaCapital flows and private investment in Mexico
Based on the so-called bounds testing approach, the paper studies the long-run effect of capital flows and the real exchange rate on Mexicos private in- vestment from 1988 through 2008, presenting two main results. First, while capi- tal inflows can potentially increase investment, in practice they...
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| Formato: | artículo científico |
| Lenguaje: | Inglés |
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Centro de Investigación y Docencia Económicas, A.C.
2013
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| Acceso en línea: | http://www.redalyc.org/articulo.oa?id=32329694002 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/82913 |
| _version_ | 1782336933990498304 |
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| author | Carlos A. Ibarra |
| author_facet | Carlos A. Ibarra |
| author_sort | Carlos A. Ibarra |
| collection | Repositorio |
| description | Based on the so-called bounds testing approach, the paper studies the long-run effect of capital flows and the real exchange rate on Mexicos private in- vestment from 1988 through 2008, presenting two main results. First, while capi- tal inflows can potentially increase investment, in practice they may lower it, be- cause, as capital flows in, the peso appreciates. Second, although both fdi and portfolio inflows can increase investment, the effect from fdi is significantly small- er in contrast to a frequent finding in the literature for other countries. Both results help to explain the low transfer of capital flows to investment in Mexico, and more generally the low levels of investment observed in the country. |
| format | artículo científico |
| id | clacso-CLACSO82913 |
| institution | CLACSO, Repositorio Digital |
| language | Inglés |
| publishDate | 2013 |
| publisher | Centro de Investigación y Docencia Económicas, A.C. |
| record_format | greenstone |
| spelling | clacso-CLACSO829132022-03-22T16:07:57Z Capital flows and private investment in Mexico Carlos A. Ibarra Economía y Finanzas Capital flows fdi portfolio investments investment determinants real exchange rate bounds testing approach Mexico Based on the so-called bounds testing approach, the paper studies the long-run effect of capital flows and the real exchange rate on Mexicos private in- vestment from 1988 through 2008, presenting two main results. First, while capi- tal inflows can potentially increase investment, in practice they may lower it, be- cause, as capital flows in, the peso appreciates. Second, although both fdi and portfolio inflows can increase investment, the effect from fdi is significantly small- er in contrast to a frequent finding in the literature for other countries. Both results help to explain the low transfer of capital flows to investment in Mexico, and more generally the low levels of investment observed in the country. 2013 2022-03-22T16:07:57Z 2022-03-22T16:07:57Z artículo científico http://www.redalyc.org/articulo.oa?id=32329694002 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/82913 en http://www.redalyc.org/revista.oa?id=323 Economía Mexicana. Nueva Época application/pdf Centro de Investigación y Docencia Económicas, A.C. Economía Mexicana. Nueva Época (México) Vol.I |
| spellingShingle | Economía y Finanzas Capital flows fdi portfolio investments investment determinants real exchange rate bounds testing approach Mexico Carlos A. Ibarra Capital flows and private investment in Mexico |
| title | Capital flows and private investment in Mexico |
| title_full | Capital flows and private investment in Mexico |
| title_fullStr | Capital flows and private investment in Mexico |
| title_full_unstemmed | Capital flows and private investment in Mexico |
| title_short | Capital flows and private investment in Mexico |
| title_sort | capital flows and private investment in mexico |
| topic | Economía y Finanzas Capital flows fdi portfolio investments investment determinants real exchange rate bounds testing approach Mexico |
| url | http://www.redalyc.org/articulo.oa?id=32329694002 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/82913 |