On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014

dc.creatorAlencar, Douglas Alcântarapt_BR
dc.creatorStrachman, Eduardopt_BR
dc.creatorBarbosa, Lúcio Otávio Seixaspt_BR
dc.creatorPuty, Cláudio Alberto Castelo Brancopt_BR
dc.creator.affilliationUniversidade Federal do Paranápt_BR
dc.creator.affilliationUniversidade de São Paulopt_BR
dc.creator.affilliationFundação João Pinheiropt_BR
dc.creator.affilliationUniversidade Federal do Paranápt_BR
dc.date.accessioned2022-02-07T16:44:28Z
dc.date.available2022-02-07T16:44:28Z
dc.date.issued2019
dc.description.abstractenThe aim of this work is to identify whether there was a relationship between foreign direct investment (FDI) and long-term growth in Latin America from 1990 to 2014. Some authors have questioned whether FDI and other capital flows, besides current account results, could constrain economic growth. If FDI and other capital flows are staunched and this is accompanied by capital outflows originated from FDI in previous periods, then it would be possible to experience a balance of payments constraint to economic growth. To test this hypothesis, we slightly amend the Thirlwall and Hussain model and employ the McCombie test for the cases of Brazil, Mexico, and Argentina. We find that the negative effect of primary income remittances on FDI, and even capital inflows through FDI, may curbs growth in the long run.pt_BR
dc.description.vcgeGoverno e Políticapt_BR
dc.identifier.citationALENCAR, D. A. et al. On foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014. PSL Quarterly Review, Rome, v. 72, Ed. 290, p. 207-221, set. 2019. pt_BR
dc.identifier.doi10.13133/2037-3643_72.290_3pt_BR
dc.identifier.issn2037-3643pt_BR
dc.identifier.urihttp://repositorio.fjp.mg.gov.br/handle/123456789/3477
dc.language.isoenpt_BR
dc.subject.enCapital flowspt_BR
dc.subject.enEconomic growthpt_BR
dc.subject.enExternal constraintpt_BR
dc.titleOn foreign direct investments and the balance of payments constrained growth model in Latin America, 1990-2014pt_BR
dc.typeArtigopt_BR
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