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

Natural 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 balan...

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Autores:
Rios Ballesteros, Nathalia
Goda, Thomas
Tipo de recurso:
Fecha de publicación:
2017
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/11212
Acceso en línea:
http://hdl.handle.net/10784/11212
Palabra clave:
Foreign Direct Investment (FDI)
net primary income (NPI)
profit repatriation
current account
balance of payments
natural resources
Rights
License
Acceso abierto
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repository_id_str
spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2017-02-02T20:37:38Z2017-01-242017-02-02T20:37:38Zhttp://hdl.handle.net/10784/11212F21O11O24Natural 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.engUniversidad EAFITEscuela de Economía y FinanzasNatural resource-seeking FDI inflows and current account deficits in commodity-producing developing economiesworkingPaperinfo:eu-repo/semantics/workingPaperDocumento de trabajo de investigacióndrafthttp://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_8042Acceso abiertohttp://purl.org/coar/access_right/c_abf2Foreign Direct Investment (FDI)net primary income (NPI)profit repatriationcurrent accountbalance of paymentsnatural resourcesnriosba@eafit.edu.coatorres7@eafit.edu.coRios Ballesteros, NathaliaGoda, ThomasLICENSElicense.txtlicense.txttext/plain; charset=utf-82556https://repository.eafit.edu.co/bitstreams/4633af61-f1fa-4086-9677-9bd757cb2ae2/download76025f86b095439b7ac65b367055d40cMD51ORIGINALWP-2017-02 Nathalia Rios.pdfWP-2017-02 Nathalia Rios.pdfDocumento de trabajo de investigaciónapplication/pdf509958https://repository.eafit.edu.co/bitstreams/ee45266e-8b41-4ea0-a580-077adbef5403/download817c0bdaaf92c88b24c5807e99c15be9MD5210784/11212oai:repository.eafit.edu.co:10784/112122024-03-05 14:06:34.569open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Natural resource-seeking FDI inflows and current account deficits in commodity-producing developing economies
title Natural resource-seeking FDI inflows and current account deficits in commodity-producing developing economies
spellingShingle Natural resource-seeking FDI inflows and current account deficits in commodity-producing developing economies
Foreign Direct Investment (FDI)
net primary income (NPI)
profit repatriation
current account
balance of payments
natural resources
title_short Natural resource-seeking FDI inflows and current account deficits in commodity-producing developing economies
title_full Natural resource-seeking FDI inflows and current account deficits in commodity-producing developing economies
title_fullStr Natural resource-seeking FDI inflows and current account deficits in commodity-producing developing economies
title_full_unstemmed Natural resource-seeking FDI inflows and current account deficits in commodity-producing developing economies
title_sort Natural resource-seeking FDI inflows and current account deficits in commodity-producing developing economies
dc.creator.fl_str_mv Rios Ballesteros, Nathalia
Goda, Thomas
dc.contributor.eafitauthor.none.fl_str_mv nriosba@eafit.edu.co
atorres7@eafit.edu.co
dc.contributor.author.none.fl_str_mv Rios Ballesteros, Nathalia
Goda, Thomas
dc.subject.keyword.spa.fl_str_mv Foreign Direct Investment (FDI)
net primary income (NPI)
profit repatriation
current account
balance of payments
natural resources
topic Foreign Direct Investment (FDI)
net primary income (NPI)
profit repatriation
current account
balance of payments
natural resources
description Natural 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.
publishDate 2017
dc.date.available.none.fl_str_mv 2017-02-02T20:37:38Z
dc.date.issued.none.fl_str_mv 2017-01-24
dc.date.accessioned.none.fl_str_mv 2017-02-02T20:37:38Z
dc.type.eng.fl_str_mv workingPaper
info:eu-repo/semantics/workingPaper
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_b1a7d7d4d402bcce
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_8042
dc.type.local.spa.fl_str_mv Documento de trabajo de investigación
dc.type.hasVersion.eng.fl_str_mv draft
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/11212
dc.identifier.jel.none.fl_str_mv F21
O11
O24
url http://hdl.handle.net/10784/11212
identifier_str_mv F21
O11
O24
dc.language.iso.eng.fl_str_mv eng
language eng
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dc.rights.local.spa.fl_str_mv Acceso abierto
rights_invalid_str_mv Acceso abierto
http://purl.org/coar/access_right/c_abf2
dc.coverage.spatial.eng.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.publisher.department.spa.fl_str_mv Escuela de Economía y Finanzas
institution Universidad EAFIT
bitstream.url.fl_str_mv https://repository.eafit.edu.co/bitstreams/4633af61-f1fa-4086-9677-9bd757cb2ae2/download
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