SciELO - Scientific Electronic Library Online

 
vol.40 issue83HOMICIDE RATES AND HOUSING PRICES IN CALI AND BOGOTÁ, D. C.The monetary policy transmission mechanism in a dol-larized economy. The case of El Salvador author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

  • On index processCited by Google
  • Have no similar articlesSimilars in SciELO
  • On index processSimilars in Google

Share


Cuadernos de Economía

Print version ISSN 0121-4772On-line version ISSN 2248-4337

Abstract

BARRIOS GUTIERREZ, Juan Carlos. Determinants of Foreign Direct Investment in Bolivia. An institutional approach. Cuad. Econ. [online]. 2021, vol.40, n.83, pp.679-711.  Epub Oct 06, 2021. ISSN 0121-4772.  https://doi.org/10.15446/cuad.econ.v40n83.81477.

This paper was proposed to analyse the determinants of foreign direct investment (FDI) in Bolivia, in its two periods of insertion, that correspond to two opposed paradigms that, with their peculiarities, have managed to attract significant capital flow to mainly extractive activities. For this purpose, the approach applied to the investigation corresponds to that of the neo-institutionalist school, which allows to elucidate the effect of the institutions on the behaviour of the FDI in the sectors of the national economy, using panel data techniques. The results show that institutions of the "market maker" type have only been relevant for attracting foreign capital to the exporting primary sector, while the other types of institutions play a predominant role for FDI.

JEL: F21, B52, C33.

Keywords : Economic activity; foreign direct investment; institutions; panel data.

        · abstract in Spanish | Portuguese     · text in Spanish     · Spanish ( pdf )