The Role of FDI on Exports Performance: Evidence from the Mexican States

被引:3
作者
Cabral, Rene [1 ]
Alvarado, Jorge Alberto [2 ]
机构
[1] Tecnol Monterrey, EGADE Business Sch, Ave Rufino Tamayo, Garza Garcia 66269, NL, Mexico
[2] Banco Mexico, Direcc Gen Invest Econom, San Pedro Garza Garcia, Mexico
关键词
exports; foreign direct investment; Mexico; panel data; FOREIGN DIRECT-INVESTMENT; PANEL-DATA; ECONOMIC-GROWTH; PRODUCTIVITY; AGGLOMERATION; SPILLOVERS; INTERNATIONALIZATION; DETERMINANTS; LINKAGES; EMPIRICS;
D O I
10.1177/0160017620979641
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
This article examines manufacturing export determinants across Mexican states and regions from 2007 to 2015. Paying particular attention to the role of FDI, the analysis considers internal and external determinants of manufacturing exports under static and dynamic panel data methods. Several interesting results were obtained. First, the ratio of manufacturing to total GDP is the most consistent determinant of exports performance, regardless of the estimation method or specification employed. Second, static panel data estimations under GMM techniques suggest different sensitivity to FDI across regions, with the Mexico-U.S. border region observing the most substantial short-term effect of FDI on manufacturing exports. Finally, using dynamic panel data methods, we found significant persistence and similar long-term effects of FDI across most of the regions.
引用
收藏
页码:684 / 708
页数:25
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