FOREIGN INVESTMENT AND WAGES: A CROWDING-OUT EFFECT IN MEXICO

FOREIGN INVESTMENT AND WAGES: A CROWDING-OUT EFFECT IN MEXICO

The purpose of this article is to determine the impact of foreign direct investment (FDI) on a country's overall economy rather than simply the sectors receiving such investment. The strategy consisted of adopting a crowding-in/crowding-out approach to Mexico's total capital volume in the...

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Autor principal: KATO-VIDAL,ENRIQUE L
Lenguaje:English
Publicado: Pontificia Universidad Católica de Chile. Instituto de Economía. 2013
Materias:
FDI
wage
firm size
substitutability of capital
Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000200003
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spelling oai:scielo:S0719-043320130002000032014-01-29FOREIGN INVESTMENT AND WAGES: A CROWDING-OUT EFFECT IN MEXICOKATO-VIDAL,ENRIQUE L FDI wage firm size substitutability of capital The purpose of this article is to determine the impact of foreign direct investment (FDI) on a country's overall economy rather than simply the sectors receiving such investment. The strategy consisted of adopting a crowding-in/crowding-out approach to Mexico's total capital volume in the 1993-2010 period. The substitutability of foreign and local capital implies a lower-than-expected economic dynamism. Using a dynamic panel analysis, a negative relationship was found between FDI and the general wage. Throughout the analysis, firm size stands out as a key variable in explaining the impact of FDI.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Chile. Instituto de Economía.Latin american journal of economics v.50 n.2 20132013-11-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000200003en
institution Scielo Chile
collection Scielo Chile
language English
topic FDI
wage
firm size
substitutability of capital
spellingShingle FDI
wage
firm size
substitutability of capital
KATO-VIDAL,ENRIQUE L
FOREIGN INVESTMENT AND WAGES: A CROWDING-OUT EFFECT IN MEXICO
description The purpose of this article is to determine the impact of foreign direct investment (FDI) on a country's overall economy rather than simply the sectors receiving such investment. The strategy consisted of adopting a crowding-in/crowding-out approach to Mexico's total capital volume in the 1993-2010 period. The substitutability of foreign and local capital implies a lower-than-expected economic dynamism. Using a dynamic panel analysis, a negative relationship was found between FDI and the general wage. Throughout the analysis, firm size stands out as a key variable in explaining the impact of FDI.
author KATO-VIDAL,ENRIQUE L
author_facet KATO-VIDAL,ENRIQUE L
author_sort KATO-VIDAL,ENRIQUE L
title FOREIGN INVESTMENT AND WAGES: A CROWDING-OUT EFFECT IN MEXICO
title_short FOREIGN INVESTMENT AND WAGES: A CROWDING-OUT EFFECT IN MEXICO
title_full FOREIGN INVESTMENT AND WAGES: A CROWDING-OUT EFFECT IN MEXICO
title_fullStr FOREIGN INVESTMENT AND WAGES: A CROWDING-OUT EFFECT IN MEXICO
title_full_unstemmed FOREIGN INVESTMENT AND WAGES: A CROWDING-OUT EFFECT IN MEXICO
title_sort foreign investment and wages: a crowding-out effect in mexico
publisher Pontificia Universidad Católica de Chile. Instituto de Economía.
publishDate 2013
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000200003
work_keys_str_mv AT katovidalenriquel foreigninvestmentandwagesacrowdingouteffectinmexico
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