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Foreign Direct Investment in APEC, 1990-2019: An Empirical Analysis of Its Determinants

Authors

DOI:

https://doi.org/10.32870/mycp.v10i29.727

Keywords:

FDI, regression models, panel data, Mexico, APEC

Abstract

This research aims to analyze the determinants of Foreign Direct Investment (FDI) in 14 APEC economies during the period 1990-2019. For this purpose and starting from the segmentation of the economies into homogeneous groups of analysis, two econometric panel data models were developed. The results show that the flow of FDI in Group 1 (Australia, Canada, China, the United States, Hong Kong, Japan, and Russia) was determined by wages, high technology exports, and the level of spending of nations. While in the case of Group 2 (Chile, South Korea, Indonesia, Malaysia, Mexico, Singapore, and Thailand) it was public spending on education and value-added per worker in industry that determined it.

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Author Biographies

Francisco Javier Ayvar-Campos, Español

PhD in Regional Development Sciences. Research Professor at the Institute for Economic and Business Research at the Universidad Michoacana de San Nicolás de Hidalgo. Address: Calle Santiago Tapia 403, Col. Centro, C.P. 58000, Morelia Michoacán. Phone (443) 3165131

José César Lenin Navarro Chávez, Dr., Español

PhD with a specialty in Administrative Sciences. Research Professor at the Institute for Economic and Business Research at the Universidad Michoacana de San Nicolás de Hidalgo. Address: Calle Santiago Tapia 403, Col. Centro, C.P. 58000, Morelia Michoacán. Phone (443) 3165131

Enrique Armas Arévalos, Dr., Español

PhD in International Business. Research Professor at the Institute for Economic and Business Research at the Universidad Michoacana de San Nicolás de Hidalgo. Address: Calle Santiago Tapia 403, Col. Centro, C.P. 58000, Morelia Michoacán. Telephone (443) 3165131.

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Published

2021-04-29 — Updated on 2021-04-29

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Issue

Vol. 10 No. 29 (2021): May-August

Section

Analysis

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