El efecto de la inversión extranjera directa en el desempeño de empresas locales latinoamericanas: el caso de las manufacturas en Ecuador

• Paúl Vera-Gilces ^[1] ; Xavier Ordeñana ^[1] ; Alfredo Jiménez ^[2]
  1. [1] Escuela Superior Politecnica del Litoral

     Escuela Superior Politecnica del Litoral

     Guayaquil, Ecuador

     
  2. [2] Kedge Business School

     Kedge Business School

     Arrondissement de Bordeaux, Francia

     
• Localización: Información Comercial Española, ICE: Revista de economía, ISSN 0019-977X, Nº 909, 2019 (Ejemplar dedicado a: Multinacionales en un cambiante contexto internacional), págs. 93-107
• Idioma: español
• DOI: 10.32796/ice.2019.909.6900
• Enlaces
  • Texto completo
• Dialnet Métricas: 1 Cita
• Resumen

  • La inversión directa extranjera (IDE) es un tema central en la investigación de negocios internacionales, así como un determinante crítico de múltiples resultados económicos, tales como, producto interior bruto (PIB), empleo, generación de stock de capital, productividad, etc. Sin embargo, el análisis del efecto que produce este indicador a nivel de empresas ha sido poco estudiado, sobretodo en el contexto de países latinoamericanos. Este trabajo analiza el efecto de los flujos de la IDE en las empresas utilizando para ello una muestra de firmas ecuatorianas para el período 2007-2016. Nuestro análisis, centrado en empresas manufactureras, muestra que los indicadores de desempeño son superiores en aquellas empresas que reciben la IDE. Complementamos nuestro análisis controlando una serie de indicadores financieros e incluyendo otras fuentes de efectos fijos.

• Referencias bibliográficas
  • Aizenman, J., & Marion, N. (2004). The merits of horizontal versus vertical FDI in the presence of uncertainty. Journal of International...
  • Alfaro, L., Asis, G., Chari, A., & Panizza, U. (2019). Corporate debt, firm size and financial fragility in emerging markets. Journal...
  • Asiedu, E. (2002). On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different? World Development, 30(1),...
  • Azman-Saini, W. N. W., Law, S. H., & Ahmad, A. H. (2010). FDI and economic growth: New evidence on the role of financial markets. Economics...
  • Beck, T., Demirgüç‐Kunt, A., & Maksimovic, V. (2005). Financial and Legal Constraints to Growth: Does Firm Size Matter? Journal of Finance,...
  • Bengoa, M., & Sánchez-Robles, B. (2003). Foreign direct investment, economic freedom and growth: new evidence from Latin America. European...
  • Blomström, M., & Wolff, E. N. (1994). Multinational Corporations and Productivity Convergence in Mexico. In W. Baumol, R. Nelson and E....
  • Bwalya, S. M. (2006). Foreign direct investment and technology spillovers: Evidence from panel data analysis of manufacturing firms in Zambia....
  • Cabral, L., & Mata, J. (2003). On the evolution of the firm size distribution: Facts and theory. American Economic Review, 93(4), 1075-1090.
  • Castellani, D., & Zanfei, A. (2002). Technology Gaps, Absorptive Capacity and the Impact of Inward Investments on Productivity of European...
  • Caves, R. E. (1974). Causes of Direct Investment: Foreign Firms’ Shares in Canadian and United Kingdom Manufacturing Industries. Review of...
  • Cheung, K. Y., & Ping, L. (2004). Spillover effects of FDI on innovation in China: Evidence from the provincial data. China Economic Review,...
  • Cuadros, A., Orts, V., & Alguacil, M. (2004). Openness and Growth: Re-Examining Foreign Direct Investment, Trade and Output Linkages in...
  • Damijan, J. P., Polanec, S., & PraÅ¡nikar, J. (2007). Outward FDI and Productivity: Micro-evidence from Slovenia. World Economy, 30(1),...
  • Damijan, J. P., Rojec, M., Majcen, B., & Knell, M. (2013). Impact of firm heterogeneity on direct and spillover effects of FDI: Micro-evidence...
  • De Mello, L. R. (1997). Foreign direct investment in developing countries and growth: A selective survey. Journal of Development Studies,...
  • Driscoll, J. C., & Kraay, A. C. (1998). Consistent covariance matrix estimation with spatially dependent panel data. Review of Economics...
  • Fariñas, J. C., & Martín-Marcos, A. (2007). Exporting and economic performance: firm-level evidence of Spanish manufacturing. World Economy,...
  • Fell, J., & Schinasi, G. (2005). Assessing financial stability: Exploring the boundaries of analysis. National Institute Economic Review,...
  • Girma, S., Gong, Y., Görg, H., & Lancheros, S. (2015). Estimating direct and indirect effects of foreign direct investment on firm productivity...
  • Habib, M., & Zurawicki, L. (2002). Corruption and Foreign Direct Investment. Journal of International Business Studies, 33(2), 291-307.
  • Hanousek, J., Kočenda, E., & Maurel, M. (2011). Direct and indirect effects of FDI in emerging European markets: A survey and meta-analysis....
  • Haskel, J. E., Pereira, S. C., & Slaughter, M. J. (2007). Does Inward Foreign Direct Investment Boost the Productivity of Domestic Firms?...
  • Jin, B., García, F., & Salomon, R. (2019). Inward foreign direct investment and local firm innovation: the moderating role of technological...
  • Johnson, P. (2011). The financial stability of sustainable organisations. Journal of Business & Economics Research, 9(10), 65-74.
  • Kholdy, S. (1995). Causality between foreign investment and spillover efficiency. Applied Economics, 27(8), 745-749.
  • Kokko, A., Tansini, R., & Zejan, M. C. (1996). Local technological capability and productivity spillovers from FDI in the Uruguayan Manufacturing...
  • Kugler, M. (2006). Spillovers from foreign direct investment: Within or between industries? Journal of Development Economics, 80(2), 444-477.
  • Liu, X., Siler, P., Wang, C., & Wei, Y. (2000). Productivity Spillovers from Foreign Direct Investment: Evidence from UK Industry Level...
  • Lu, Y., Tao, Z., & Zhu, L. (2017). Identifying FDI Spillovers. Journal of International Economics, 107, 75-90.
  • Moran, T. H., Graham, E. M., & Blomström, M. (2005). Does Foreign Direct Investment Promote Development? Washington, DC: Peterson Institute.
  • Newman, C., Rand, J., Talbot, T., & Tarp, F. (2015). Technology transfers, foreign investment and productivity spillovers. European Economic...
  • Noorbakhsh, F., Paloni, A., & Youssef, A. (2001). Human Capital and FDI Inflows to Developing Countries: New Empirical Evidence. World...
  • Park, B. I., & Ghauri, P. N. (2011). Key factors affecting acquisition of technological capabilities from foreign acquiring firms by small...
  • Sánchez-Sellero, P., Rosell-Martínez, J., & García-Vázquez, J. M. (2014). Absorptive capacity from foreign direct investment in Spanish...
  • Syverson, C. (2011). What determines productivity? Journal of Economic literature, 49(2), 326-365.
  • Van Biesebroeck, J. (2003). Revisiting some productivity debates. National Bureau of Economic Research Working Paper, (10065).
  • Van Pottelsberghe de la Potterie, B., & Lichtenberg, F. (2001). Does Foreign Direct Investment Transfer Technology Across Borders? Review...
  • Vera-Gilces, P., Camino-Mogro, S., Ordeñana-Rodríguez, X., & Cornejo-Marcos, G. (2019). A look inside banking profitability: Evidence...
  • Waldkirch, A., Nunnenkamp, P., & Alatorre Bremont, J. E. (2009). Employment Effects of FDI in Mexico’s Non-Maquiladora Manufacturing....
  • Wang, Y. J. (2002). Liquidity management, operating performance, and corporate value: evidence from Japan and Taiwan. Journal of Multinational...
  • Wei, Y., & Liu, X. (2006). Productivity Spillovers from R&D, Exports and FDI in China’s Manufacturing Sector. Journal of International...
  • Wu, Y. (2000). Measuring the performance of foreign direct investment: a case study of China. Economics letters, 66(2), 143-150.
  • Zhang, Y., Li, H., Li, Y., & Zhou, L. A. (2010). FDI spillovers in an emerging market: the role of foreign firms’ country origin diversity...