Capital flows and private investment in Mexico

Based on the so-called bounds testing approach, the paper studies the long-run effect of capital flows and the real exchange rate on Mexicos private in- vestment from 1988 through 2008, presenting two main results. First, while capi- tal inflows can potentially increase investment, in practice they...

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Detalles Bibliográficos
Autor principal:	Carlos A. Ibarra
Formato:	Artículo científico
Publicado:	Centro de Investigación y Docencia Económicas, A.C. 2013
Materias:	Economía y Finanzas Capital flows fdi portfolio investments investment determinants real exchange rate bounds testing approach Mexico
Acceso en línea:	http://www.redalyc.org/articulo.oa?id=32329694002 http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32329694002oai
Aporte de:	Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales

id	I16-R122-32329694002oai
record_format	dspace
institution	Consejo Latinoamericano de Ciencias Sociales
institution_str	I-16
repository_str	R-122
collection	Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic	Economía y Finanzas Capital flows fdi portfolio investments investment determinants real exchange rate bounds testing approach Mexico
spellingShingle	Economía y Finanzas Capital flows fdi portfolio investments investment determinants real exchange rate bounds testing approach Mexico Carlos A. Ibarra Capital flows and private investment in Mexico
topic_facet	Economía y Finanzas Capital flows fdi portfolio investments investment determinants real exchange rate bounds testing approach Mexico
description	Based on the so-called bounds testing approach, the paper studies the long-run effect of capital flows and the real exchange rate on Mexicos private in- vestment from 1988 through 2008, presenting two main results. First, while capi- tal inflows can potentially increase investment, in practice they may lower it, be- cause, as capital flows in, the peso appreciates. Second, although both fdi and portfolio inflows can increase investment, the effect from fdi is significantly small- er in contrast to a frequent finding in the literature for other countries. Both results help to explain the low transfer of capital flows to investment in Mexico, and more generally the low levels of investment observed in the country.
format	Artículo científico Artículo científico
author	Carlos A. Ibarra
author_facet	Carlos A. Ibarra
author_sort	Carlos A. Ibarra
title	Capital flows and private investment in Mexico
title_short	Capital flows and private investment in Mexico
title_full	Capital flows and private investment in Mexico
title_fullStr	Capital flows and private investment in Mexico
title_full_unstemmed	Capital flows and private investment in Mexico
title_sort	capital flows and private investment in mexico
publisher	Centro de Investigación y Docencia Económicas, A.C.
publishDate	2013
url	http://www.redalyc.org/articulo.oa?id=32329694002 http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32329694002oai
work_keys_str_mv	AT carlosaibarra capitalflowsandprivateinvestmentinmexico
bdutipo_str	Repositorios
_version_	1764820422057000961

Capital flows and private investment in Mexico

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