Comprehending the outward FDI from Latin America and OCED: A comparative perspective

Mazouz, Khelifa ORCID: https://orcid.org/0000-0001-6711-1715, Wood, Geoffrey, Yin, Shuxing and Zhang, Mao 2021. Comprehending the outward FDI from Latin America and OCED: A comparative perspective. International Business Review 30 (5) , 101853. 10.1016/j.ibusrev.2021.101853

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Abstract

This study examines the determinants of outward foreign direct investment (FDI) from Latin American countries and compares it with their OECD counterparts. Our analysis is based on a sample of 45 countries, 13 from Latin America and 32 from the OECD, over the period 2001–2012. We find that the outward FDI from Latin America is more likely to be located in geographically proximate countries and in countries with similar culture and language than that from their OECD counterparts. We also show that Latin American outward FDI is less likely to be resource seeking. This presumably reflects the rich natural resource endowments and agricultural potential in major Latin American countries. Further, outward FDI from Latin America is more likely to be concentrated in countries with a similar corruption environment than that from their OECD counterparts. This might indicate a broadly similar nature of corruption across Latin America due to shared cultural, political and economic legacies.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Elsevier
ISSN:	0969-5931
Date of First Compliant Deposit:	5 May 2021
Date of Acceptance:	6 April 2021
Last Modified:	12 Nov 2023 17:58
URI:	https://orca.cardiff.ac.uk/id/eprint/140901

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