Does foreign direct investment reduce poverty? The case of Latin America in the twenty-first century

Business and Economic Horizons Pub Date : 2018-01-01 DOI:10.15208/BEH.2018.35

Pablo Quiñonez, J. Saenz, J. Solorzano

引用次数: 20

Abstract

Over the last decades, foreign direct investment flows to Latin America have grown dramatically. Yet, there is no consensus on whether the region has actually benefited from such trend or not. Specifically, regarding the expected positive effect of foreign direct investment on poverty reduction, empirical evidence is scant and ambiguous. In this context, this paper examines the effect of foreign direct investment on Latin America’s poverty incidence. For doing so, a panel data analysis was conducted, considering 13 economies from the region during the 2000-2014 period. We found that FDI is not significantly associated with the reduction of poverty in Latin America, in contrast with macroeconomic stability, infrastructure, human capital development and financial development which are significantly associated with the reduction of poverty in the region.

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外国直接投资能减少贫困吗?21世纪的拉丁美洲

过去几十年来，流入拉丁美洲的外国直接投资急剧增长。然而，该地区是否真的从这种趋势中受益，并没有达成共识。具体而言，关于预期的外国直接投资对减贫的积极影响，经验证据不足且模棱两可。在此背景下，本文考察了外国直接投资对拉丁美洲贫困发生率的影响。为此，对2000-2014年期间该地区13个经济体进行了面板数据分析。我们发现，与拉美地区的减贫显著相关的宏观经济稳定、基础设施、人力资本开发和金融发展相比，外国直接投资与拉美地区的减贫并不显著相关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Business and Economic Horizons ECONOMICS-

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期刊介绍： The Business and Economic Horizons (BEH) is an international peer-reviewed journal that publishes high quality theoretical, empirical, and review papers covering the broad spectrum of research in areas of economics, business, management, and finance. The journal aim is to bridge the gap between the theory and the observed data in these constantly developing domains. BEH Editorial Board welcomes the high-quality original research articles and review papers that verify the well-grounded and the emerging theories by employing the econometric, statistical methods or other relevant empirical methods in theoretical and applied economic analysis. BEH does not discriminate articles utilizing the non-mainstream approaches such as experimental research, institutional analysis, other variations of heterodox and developmental economic studies. Therefore, the submissions in any field of micro- and macroeconomics, business ethics, economic policy or finance are appropriate for this journal. We hope, the provided contributions will help to understand the contemporary challenges faced by the private and public sector and will establish an international forum of empirical research.