The controversy about foreign direct investment as a source of growth for the mexican economy

Abstract

Este trabajo investiga de qué forma la inversión extranjera directa (IED) ha afectado realmente el crecimiento económico de México. Dado que se han hecho esfuerzos que ponen un énfasis especial en la estrategia de industrialización hacia fuera, ponemos a prueba las hipótesis de crecimiento dirigido por la IED y las exportaciones en México utilizando un modelo multivariado con vectores autorregresivos. Los resultados muestran que la evidencia para el crecimiento dirigido por la IED no es tan fuerte como la evidencia para el crecimiento dirigido por las exportaciones. Sin embargo, el TLCAN ha permitido mejorar los efectos potenciales de los flujos extranjeros. Las estimaciones revelan que el capital privado y extranjero tienen efectos estadísticamente significativos sobre el crecimiento. Las manufacturas, la IED, las exportaciones, el trabajo y el capital humano mostraron efectos positivos sobre la economía.

Dynamic of foreign direct investment in the states of Mexico: An analysis of Markov's spatial chains

“…For example, in a study carried out by Oladipo (2007), the author investigates the effect of FDI on the economic growth of Mexico before and after the NAFTA; his results find evidence of a positive effect even though he also maintains that the effect of exports is greater in comparison. These results are subsequently confirmed in the work done by Oladipo and Vázquez (2009). In another study, De la Cruz, Canfield, and González (2009) also found evidence of a positive effect on behalf of FDI with regard to the economic growth of Mexico; however, the authors state that this effect is mainly present on the growth of industrial production and incidentally on the production growth of the service sector.…”

“…In this regard, the empirical evidence suggests that the FDI exerts limited positive effects, and that there is room for improvement for the conditions needed to benefit from the potential of the FDI and reverse the negative effects (Dussel, Galindo, Loría, & Mortimore, 2007). For example, the work of Oladipo and Vázquez (2009) studies the effect of foreign direct investment on the aggregated economic growth of Mexico. Its results suggest that the effect is favorable and of significance, though it is less when compared to that of exports, attributing a relevant role to the NAFTA.…”

Evaluating the Changing Comparative Advantage Patterns and Export Specialization of East Java province (Indonesia)

“…Das (2009) found that trade integration, share of manufacturing exports in total exports, technology intensiveness, as well as variety-seeking demand patterns may also foster intra-industry trade and trade volume. Oladipo and Vasquez (2009) noted "structural changes that occurred due to trade liberalization were conducive to improve the positive effect of exports on growth in Mexico". Baldwin (2011) addresses the rapid economic growth of developing countries as the result of joining a supply chain which made industrialization less complex and faster (new industrialization path) through the offshoring from rich-nation technology and the low-wage labor of Less Advanced Economies.…”

La apertura comercial de México

“…, Oladipo y Vásquez (2009),Romero (2012),Neme et al (2013), Fraga-Castillo yMoreno-Brid (2015),Morones (2016),Gómez et al (2018), Salazar-Núñez y Venegas-Martínez (2018) yCruz et al (2019). Un segundo procedimiento es la estimación con datos panel y datos panel dinámico, tanto en su versión de efectos fijos como aleatorios.…”