Determinants of Outward FDI from Developing Economies: Evidence for a Sample of Latin American Countries

Q3 Business, Management and Accounting

Latin American Business Review Pub Date : 2023-06-30 DOI:10.1080/10978526.2023.2222668

Rosa Forte, Mariana Ferreira

引用次数: 0

Abstract

Abstract Grounded on a conceptual framework that combines contributions from the investment development path (IDP) theory, the Ownership, Location, Internalization (OLI) paradigm, and the institutional theory, this work aims to analyze the home country’s determinants of outward Foreign Direct Investments (OFDI). Based on panel data for a set of 14 Latin American countries between 2000 and 2019, the results of random effects estimations support the propositions of the IDP and institutional theories. Economic development, inward FDI, and institutional quality are strong determinants of OFDI. Results also highlight the role of the openness level and the membership of regional trade agreements in explaining OFDI from Latin America countries.

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发展中经济体对外直接投资的决定因素:拉丁美洲国家样本的证据

本文基于投资发展路径(IDP)理论、所有权、区位、内部化(OLI)范式和制度理论的概念框架，旨在分析母国对外直接投资(OFDI)的决定因素。基于2000年至2019年14个拉美国家的面板数据，随机效应估计的结果支持国内生产总值和制度理论的命题。经济发展、外来直接投资和制度质量是对外直接投资的重要决定因素。结果还强调了开放水平和区域贸易协定成员在解释拉丁美洲国家对外直接投资中的作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Latin American Business Review Business, Management and Accounting-Business and International Management

CiteScore

2.40

自引率

0.00%

发文量

期刊介绍： Latin American Business Review is a quarterly, refereed journal which facilitates the exchange of information and new ideas between academics, business practitioners, public policymakers, and those in the international development community. Special features of the journal will keep you current on various teaching, research, and information sources. These activities all focus on the business and economic environment of the diverse and dynamic countries of the Americas.