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dc.creatorKATO-VIDAL,ENRIQUE L
dc.date2013-11-01
dc.date.accessioned2019-04-25T12:42:01Z
dc.date.available2019-04-25T12:42:01Z
dc.identifierhttps://scielo.conicyt.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000200003
dc.identifier.urihttp://revistaschilenas.uchile.cl/handle/2250/61287
dc.descriptionThe purpose of this article is to determine the impact of foreign direct investment (FDI) on a country's overall economy rather than simply the sectors receiving such investment. The strategy consisted of adopting a crowding-in/crowding-out approach to Mexico's total capital volume in the 1993-2010 period. The substitutability of foreign and local capital implies a lower-than-expected economic dynamism. Using a dynamic panel analysis, a negative relationship was found between FDI and the general wage. Throughout the analysis, firm size stands out as a key variable in explaining the impact of FDI.
dc.formattext/html
dc.languageen
dc.publisherPontificia Universidad Católica de Chile. Instituto de Economía.
dc.rightsinfo:eu-repo/semantics/openAccess
dc.sourceLatin american journal of economics v.50 n.2 2013
dc.subjectFDI
dc.subjectwage
dc.subjectfirm size
dc.subjectsubstitutability of capital
dc.titleFOREIGN INVESTMENT AND WAGES: A CROWDING-OUT EFFECT IN MEXICO


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