Determinants of US direct foreign investment in the Caribbean

This study evaluates two groups of variables (economic and structural/locational) associated with US short- and long-run direct foreign investment (DFI) in the Caribbean over the 1983-1994 period. Separate generalized least square models for the Caribbean and Latin America were estimated to determin...

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Bibliographic Details
Published in:Applied economics 2003-09, Vol.35 (13), p.1485-1496
Main Authors: Lall, Pooran, Norman, David W., Featherstone, Allen M.
Format: Article
Language:English
Subjects:
Applied economics
Caribbean
Competition
Determinants
Economic statistics
Economic strategies
Economic theory
Economics
Foreign direct investment
Foreign investment
Latin America
Least squares method
Studies
Trade liberalization
U.S.A
Variables
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Summary:This study evaluates two groups of variables (economic and structural/locational) associated with US short- and long-run direct foreign investment (DFI) in the Caribbean over the 1983-1994 period. Separate generalized least square models for the Caribbean and Latin America were estimated to determine whether differences existed between the two regions as to the variables associated with the levels of DFI. This helped provide insights as to the strategies that should be maintained or introduced to give the Caribbean a competitive edge in attracting the limited amounts of US DFI likely to be available for investment in the Western hemisphere.
ISSN:0003-6846
1466-4283
DOI:10.1080/0003684032000100382