The relation between foreign direct investment in growth and human development in Latin America, 1996-2019

Latin America each year receive large flows of direct foreign invest­ment; however, these money flows have not generated the expected macroeconomic effects, neither it has an impact on human development, which has determined a broad debate on the effectiveness of foreign direct investment. This stud...

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Autor principal: Varela, Marcelo (author)
Outros Autores: Salazar Espinoza, Gustavo Adrián (author)
Formato: article
Idioma:spa
Publicado em: 2023
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author Varela, Marcelo
author2 Salazar Espinoza, Gustavo Adrián
author2_role author
author_facet Varela, Marcelo
Salazar Espinoza, Gustavo Adrián
author_role author
collection Revista Cuestiones Económicas
dc.creator.none.fl_str_mv Varela, Marcelo
Salazar Espinoza, Gustavo Adrián
dc.date.none.fl_str_mv 2023-06-30
dc.format.none.fl_str_mv application/pdf
text/html
dc.identifier.none.fl_str_mv https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/409
10.47550/RCE/33.1.6
dc.language.none.fl_str_mv spa
dc.publisher.none.fl_str_mv Banco Central del Ecuador
dc.relation.none.fl_str_mv https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/409/334
https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/409/342
dc.rights.none.fl_str_mv Derechos de autor 2023 Cuestiones Económicas
https://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
dc.source.none.fl_str_mv Cuestiones Económicas; Vol. 33 Núm. 1 (2023): Revista Cuestiones Económicas
2697-3367
2697-3367
reponame:Revista Cuestiones Económicas
instname:Banco Central del Ecuador
instacron:BCE
dc.subject.none.fl_str_mv Foreign direct investment
Balance of payments
Net income abroad
Economic growth
Human development
Panel data
Inversión extranjera directa
Balanza de pagos
Renta neta hacia el exterior
Crecimiento económico
Desarrollo humano
Datos de panel
dc.title.none.fl_str_mv The relation between foreign direct investment in growth and human development in Latin America, 1996-2019
La Relación entre la Inversión Extranjera Directa en el Crecimiento y el Desarrollo Humano en América Latina, 1996-2019
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Artículos de Investigación
description Latin America each year receive large flows of direct foreign invest­ment; however, these money flows have not generated the expected macroeconomic effects, neither it has an impact on human development, which has determined a broad debate on the effectiveness of foreign direct investment. This study examines the effectiveness of foreign direct investment on economic growth and human development in Lat­in America during the period 1996-2019. To measure the relationship between foreign direct investment and economic growth, and its rela­tionship with human development, two panel data econometric models are used. The first model measures the relationship of foreign direct investment with economic growth, and the second model measures the relationship of foreign direct investment with human development. The results under the premise that growth is not the same as development show that direct foreign investment contributes positively to economic growth, while the money flows sent abroad captured from the balance of net income in the balance of payments sent to the exterior affect negatively to human development
eu_rights_str_mv openAccess
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id REVCUESTEC_7f780563c2d5cabc827e5b424b5e5ae8
identifier_str_mv 10.47550/RCE/33.1.6
instacron_str BCE
institution BCE
instname_str Banco Central del Ecuador
language spa
network_acronym_str REVCUESTEC
network_name_str Revista Cuestiones Económicas
oai_identifier_str oai:estudioseconomicos.bce.fin.ec:article/409
publishDate 2023
publisher.none.fl_str_mv Banco Central del Ecuador
reponame_str Revista Cuestiones Económicas
repository.mail.fl_str_mv
repository.name.fl_str_mv Revista Cuestiones Económicas - Banco Central del Ecuador
repository_id_str
rights_invalid_str_mv Derechos de autor 2023 Cuestiones Económicas
https://creativecommons.org/licenses/by-nc/4.0
spelling The relation between foreign direct investment in growth and human development in Latin America, 1996-2019La Relación entre la Inversión Extranjera Directa en el Crecimiento y el Desarrollo Humano en América Latina, 1996-2019Varela, MarceloSalazar Espinoza, Gustavo Adrián Foreign direct investmentBalance of paymentsNet income abroadEconomic growthHuman developmentPanel dataInversión extranjera directaBalanza de pagosRenta neta hacia el exteriorCrecimiento económicoDesarrollo humanoDatos de panelLatin America each year receive large flows of direct foreign invest­ment; however, these money flows have not generated the expected macroeconomic effects, neither it has an impact on human development, which has determined a broad debate on the effectiveness of foreign direct investment. This study examines the effectiveness of foreign direct investment on economic growth and human development in Lat­in America during the period 1996-2019. To measure the relationship between foreign direct investment and economic growth, and its rela­tionship with human development, two panel data econometric models are used. The first model measures the relationship of foreign direct investment with economic growth, and the second model measures the relationship of foreign direct investment with human development. The results under the premise that growth is not the same as development show that direct foreign investment contributes positively to economic growth, while the money flows sent abroad captured from the balance of net income in the balance of payments sent to the exterior affect negatively to human developmentLos países de América Latina cada año recibe grandes flujos de inversión extranjera directa; sin embargo, estos flujos de dinero no han generado los efectos macroeconómicos esperados ni tampoco han incidido sobre el desarrollo humano, lo que ha determinado un debate amplio sobre la inversión extranjera directa. En el presente estudio, se examina la efecti­vidad de la inversión extranjera directa sobre el crecimiento económico y el desarrollo humano en América Latina durante el periodo 1996-2019. Para medir la relación entre inversión extranjera directa y el crecimien­to económico, y su relación con el desarrollo humano, se utilizan dos modelos econométricos de datos de panel: el primero mide la relación de la inversión extranjera directa con el crecimiento económico, y el segundo modelo mide la relación de la inversión extranjera directa con el desarrollo humano. Los resultados bajo la premisa de que crecimiento no es igual que desarrollo, muestra que la inversión extranjera directa aporta positivamente al crecimiento económico, mientras que los flujos de dinero enviados al exterior capturados a partir del saldo de la renta neta en balanza de pagos enviada al exterior afectan negativamente al desarrollo humano.Banco Central del Ecuador2023-06-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículos de Investigaciónapplication/pdftext/htmlhttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/40910.47550/RCE/33.1.6Cuestiones Económicas; Vol. 33 Núm. 1 (2023): Revista Cuestiones Económicas2697-33672697-3367reponame:Revista Cuestiones Económicasinstname:Banco Central del Ecuadorinstacron:BCEspahttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/409/334https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/409/342Derechos de autor 2023 Cuestiones Económicashttps://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccess2024-03-19T21:24:14Zoai:estudioseconomicos.bce.fin.ec:article/409Portal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2024-03-19T21:24:14falsePortal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2024-03-19T21:24:14Revista Cuestiones Económicas - Banco Central del Ecuadorfalse
spellingShingle The relation between foreign direct investment in growth and human development in Latin America, 1996-2019
Varela, Marcelo
Foreign direct investment
Balance of payments
Net income abroad
Economic growth
Human development
Panel data
Inversión extranjera directa
Balanza de pagos
Renta neta hacia el exterior
Crecimiento económico
Desarrollo humano
Datos de panel
status_str publishedVersion
title The relation between foreign direct investment in growth and human development in Latin America, 1996-2019
title_full The relation between foreign direct investment in growth and human development in Latin America, 1996-2019
title_fullStr The relation between foreign direct investment in growth and human development in Latin America, 1996-2019
title_full_unstemmed The relation between foreign direct investment in growth and human development in Latin America, 1996-2019
title_short The relation between foreign direct investment in growth and human development in Latin America, 1996-2019
title_sort The relation between foreign direct investment in growth and human development in Latin America, 1996-2019
topic Foreign direct investment
Balance of payments
Net income abroad
Economic growth
Human development
Panel data
Inversión extranjera directa
Balanza de pagos
Renta neta hacia el exterior
Crecimiento económico
Desarrollo humano
Datos de panel
url https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/409