Abstract

MENDOZA COTA, Jorge Eduardo. Impact of foreign direct investment on the growth of manufacturing in Mexico. Prob. Des [online]. 2011, vol.42, n.167, pp.45-69. ISSN 0301-7036.

This article aims at providing evidence of the impact of foreign direct investment (FDI) on the growth of the manufacturing sector in the period 1999-2008. The methodology involves estimating an econometric model with panel data at the level of the nine manufacturing sub-sectors of the Mexican economy. The results show a positive effect from the opening of the manufacturing sector. Meanwhile, the effect of FDI is not statistically conclusive. However, when we include within the model the growth of skilled personnel in manufacturing industry, FDI can be considered as a positive determinant for growth in this sector.

Keywords : Foreign direct investment; manufacturing sector; panel data model; Mexican economy; economic integration.

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