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@article{ART002544042},
author={Park, Geonwoo},
title={An Empirical Analysis of Economic Development and Foreign Direct Investment in Latin America and Caribbean Countries : Focusing on the Investment Development Path Theory},
journal={JOURNAL OF INTERNATIONAL STUDIES},
issn={2092-5239},
year={2019},
volume={30},
pages={91-117}

TY - JOUR
AU - Park, Geonwoo
TI - An Empirical Analysis of Economic Development and Foreign Direct Investment in Latin America and Caribbean Countries : Focusing on the Investment Development Path Theory
JO - JOURNAL OF INTERNATIONAL STUDIES
PY - 2019
VL - 30
IS - null
PB - The Keimyung Institute for International Studies
SP - 91
EP - 117
SN - 2092-5239
AB - This study aims to empirically examine economic development and foreign direct investment with using investment development path theory in selected Latin America and the Caribbean countries. Latin America experienced great economic change toward neo-liberalism paradigm through 1990s. With this change, the amount of foreign direct investment was increased. Thus, it is recognized that foreign investment is one of the major factors for economic development. Nonetheless it is important to investigate this issue with empirical results, there are still no studies with robust results. The empirical results show that Brazil, Chile, Colombia and Mexico are significant with granger-casuality test. Moreover, it is found that these countries are in stage 1 or 2 which IDP theory suggests. However, Mexico is in transition between stage 2 and 3, which has more possibility for next phase in investment development path. From the results, it can be suggested that Latin American countries need to expand not only FDI from major traditional partner but also their intra foreign investment with their neighbor economic partner. Finally, this study can contribute to suggest empirical evidence-based understanding for FDI issue in Latin America.
KW - foreign direct investment;investment development path theory;economic growth;granger casuality;Latin America and Caribbean
DO -
UR -
ER -

Park, Geonwoo. (2019). An Empirical Analysis of Economic Development and Foreign Direct Investment in Latin America and Caribbean Countries : Focusing on the Investment Development Path Theory. JOURNAL OF INTERNATIONAL STUDIES, 30, 91-117.

Park, Geonwoo. 2019, "An Empirical Analysis of Economic Development and Foreign Direct Investment in Latin America and Caribbean Countries : Focusing on the Investment Development Path Theory", JOURNAL OF INTERNATIONAL STUDIES, vol.30, pp.91-117.

Park, Geonwoo "An Empirical Analysis of Economic Development and Foreign Direct Investment in Latin America and Caribbean Countries : Focusing on the Investment Development Path Theory" JOURNAL OF INTERNATIONAL STUDIES 30 pp.91-117 (2019) : 91.

Park, Geonwoo. An Empirical Analysis of Economic Development and Foreign Direct Investment in Latin America and Caribbean Countries : Focusing on the Investment Development Path Theory. 2019; 30 91-117.

Park, Geonwoo. "An Empirical Analysis of Economic Development and Foreign Direct Investment in Latin America and Caribbean Countries : Focusing on the Investment Development Path Theory" JOURNAL OF INTERNATIONAL STUDIES 30(2019) : 91-117.

Park, Geonwoo. An Empirical Analysis of Economic Development and Foreign Direct Investment in Latin America and Caribbean Countries : Focusing on the Investment Development Path Theory. JOURNAL OF INTERNATIONAL STUDIES, 30, 91-117.

Park, Geonwoo. An Empirical Analysis of Economic Development and Foreign Direct Investment in Latin America and Caribbean Countries : Focusing on the Investment Development Path Theory. JOURNAL OF INTERNATIONAL STUDIES. 2019; 30 91-117.

Park, Geonwoo. An Empirical Analysis of Economic Development and Foreign Direct Investment in Latin America and Caribbean Countries : Focusing on the Investment Development Path Theory. 2019; 30 91-117.

Park, Geonwoo. "An Empirical Analysis of Economic Development and Foreign Direct Investment in Latin America and Caribbean Countries : Focusing on the Investment Development Path Theory" JOURNAL OF INTERNATIONAL STUDIES 30(2019) : 91-117.