Does the Investment Climate Matter? (original) (raw)

Foreign Investment in Latin America: Recent Trends and Prospects

Latin America in the International Economy, 1973

The author is indebted to the members of the CEPLAN seminar and to Mrs. Rosemary Thorp for their helpful comments. a This does not mean that we ignore important contributions published in the last decades. Several of the most recent publications are mentioned in the bibliography at the end of the text.

The Investment Climate, Growth, and Poverty

A Better Investment Climate for Everyone, 2004

The findings, interpretations, and conclusions expressed herein are those of the author(s) and do not necessarily reflect the views of the Executive Directors of the International Bank for Reconstruction and Development / The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World Bank of the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The World Bank encourages dissemination of its work and will normally grant permission promptly.

Foreign direct investment in Latin America and the Caribbean

Foreign Direct Investment in Latin America and the Caribbean 2018, 2018

National and international policies have a significant influence on the changes that occur in the business environment in Latin America and the Caribbean, providing incentives for investment decisions, not only for companies already operating in the region, but for new entrants as well. Currently, foreign direct investment flows are the outcome of a combination of factors, including the international environment, national policies, and corporate strategies. Thus, this research evaluates the volume of FDI inflows into the region; the factors that attract them, including incentives and regulations; and their contribution, economical and societal, to Latin American development. This research also explores some of the potential costs of FDI, and its implications on policy options.

The World Bank Latin American and the Caribbean Region

2010

This paper provides a systematic, empirical assessment of the impact of infrastructure quality on the total factor productivity (TFP) of African manufacturing firms. This measure is understood to include quality in the provision of customs clearance, energy, water, sanitation, transportation, telecommunications, and information and communications technology (ICT). Microeconometric techniques to investment climate surveys (ICSs) of 26 African countries are carried out in different years during the period 2002–6, making country-specific evaluations of the impact of investment climate (IC) quality on aggregate TFP, average TFP, and allocative efficiency. For each country the impact is evaluated based on 10 different productivity measures.

The Logic of Investment Booms in Latin America: The role of Institutions

2016

Theorization and empirically-based knowledge regarding investment is far from being agreed. We believe this could be a consequence of the application of assumptions and methodologies which are not entirely suitable to understand some conditions, including institutional ones. In this study we face the challenge from a different perspective, using the unusual but highly suitable tools from qualitative comparison analysis. Instead of focusing in the sum of contributions of individualized independent variables, we center on the study of the presence or absence of sets of favorable conditions. We studied investment booms between 1970 and 2012 in 11 Latin American countries. We found that the existence of a high demand, macroeconomic stability and external funding were the conditions that individually aroused the most necessary in order to facilitate the presence of investment booms in the region. Also, an increasing demand and relative declines of investment costs proved pretty sufficien...

Attracting Foreign Direct Investment to Latin America

2002

Attracting Foreign Direct Investment to Latin America. Across section analysis The purpose of the paper is to examine the literature of foreign direct investment to evaluate what factors are determinant to attract inflows of foreign capital to I ntin-American and Caribbean countries. The paper focuses on factors such as market size, degree of openness, rule of law, political stability, trade, regional integration, democracy, availability of natural resources, government efficiency, and infrastructure (i.e. energy generation, transportation systems, ports and telecommunication services). The regression results showed that the degree of openness, trade reform, education, market size, and infrastructure are the most important determinants of foreign investment. Based on my analysis, different Latin American countries offer "unique" characteristics that should be emphasized in national policies to attract additional foreign capital.