Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional quality
Fil: Barone, Sergio. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
| Main Authors: | , , |
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| Other Authors: | |
| Format: | conferenceObject |
| Language: | eng |
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2024
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| Online Access: | http://hdl.handle.net/11086/554104 |
| _version_ | 1825132030413766656 |
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| author | Barone, Sergio Descalzi, Ricardo L. Navarrete, José Luis |
| author2 | https://orcid.org/0009-0009-3710-355X |
| author_facet | https://orcid.org/0009-0009-3710-355X Barone, Sergio Descalzi, Ricardo L. Navarrete, José Luis |
| author_sort | Barone, Sergio |
| collection | Repositorio Digital Universitario |
| description | Fil: Barone, Sergio. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. |
| format | conferenceObject |
| id | rdu-unc.554104 |
| institution | Universidad Nacional de Cordoba |
| language | eng |
| publishDate | 2024 |
| record_format | dspace |
| spelling | rdu-unc.5541042024-10-29T19:25:57Z Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional quality Barone, Sergio Descalzi, Ricardo L. Navarrete, José Luis https://orcid.org/0009-0009-3710-355X Threshold effects Panel data Terms of trade FDI inflows Institutional quality Fil: Barone, Sergio. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Descalzi, Ricardo L. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Navarrete, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. This paper explores the relationship between the Foreign Direct Investment (FDI) inflows and the terms of trade (TOT). The underlying assumption is that the impact of terms of trade is strongly conditioned by the level of institutional quality that the countries experience. Following Walsh and Yu (2010) it is assumed that the corruption and weak property rights tend to rise the cost to install new investment; as a consequence, foreign investors decide not to invest in domestic (developing) economy even though it faces an “opportunity” given by the uprising trend in the terms of trade that they experienced from the beginning of the 2000’s. This methodology estimates the thresholds (meaning those levels of the institutional quality from which the impact of terms of trade on FDI tend to change) and the coefficients of the regression equation as well. The coefficients that measure the impact of TOT of FDI increase as the economy reaches a new (higher) threshold of institutional quality. Fil: Barone, Sergio. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Descalzi, Ricardo L. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Navarrete, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Economía, Econometría 2024-10-29T19:16:03Z 2024-10-29T19:16:03Z 2019-11 conferenceObject 1852-0022 http://hdl.handle.net/11086/554104 eng https://bd.aaep.org.ar/anales/works/works2019/descalzi.pdf Licencia Creative Commons Atribución-NoComercial-CompartirIgual 4.0 Internacional http://creativecommons.org/licenses/by-nc-sa/4.0/ Electrónico y/o Digital |
| spellingShingle | Threshold effects Panel data Terms of trade FDI inflows Institutional quality Barone, Sergio Descalzi, Ricardo L. Navarrete, José Luis Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional quality |
| title | Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional quality |
| title_full | Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional quality |
| title_fullStr | Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional quality |
| title_full_unstemmed | Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional quality |
| title_short | Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional quality |
| title_sort | measuring threshold effects in non dynamic panels the impact of terms of trade on fdi inflows under different regimes of institutional quality |
| topic | Threshold effects Panel data Terms of trade FDI inflows Institutional quality |
| url | http://hdl.handle.net/11086/554104 |
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