Natural resource-seeking FDI inflows and current account deficits in commodity-producing developing economies

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dc.contributor.authorRios Ballesteros, Nathalia
dc.contributor.authorGoda, Thomas
dc.contributor.eafitauthornriosba@eafit.edu.co
dc.contributor.eafitauthoratorres7@eafit.edu.co
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.date.accessioned2017-02-02T20:37:38Z
dc.date.available2017-02-02T20:37:38Z
dc.date.issued2017-01-24
dc.description.abstractNatural resource-seeking foreign direct investment (FDI) rose substantially during the last two decades as global commodity prices soared. This type of FDI typically is expected to improve the current accounts of recipient countries. Notwithstanding the commodity boom, however, current account balances of many commodity-producing developing economies were negative during 1995–2013. Considering 31 commodity-producing countries, we find that the average net effect of a 1% increase in natural resource-seeking FDI was a 0.23% decline in the current account (measured as percentage of GDP). This surprising result can be explained by the repatriation of profits.eng
dc.identifier.jelF21
dc.identifier.jelO11
dc.identifier.jelO24
dc.identifier.urihttp://hdl.handle.net/10784/11212
dc.language.isoengeng
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordForeign Direct Investment (FDI)spa
dc.subject.keywordnet primary income (NPI)spa
dc.subject.keywordprofit repatriationspa
dc.subject.keywordcurrent accountspa
dc.subject.keywordbalance of paymentsspa
dc.subject.keywordnatural resourcesspa
dc.titleNatural resource-seeking FDI inflows and current account deficits in commodity-producing developing economieseng
dc.typeworkingPapereng
dc.typeinfo:eu-repo/semantics/workingPapereng
dc.type.hasVersiondrafteng
dc.type.localDocumento de trabajo de investigaciónspa

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