The effect of uncertainty on foreign direct investment:The case of Mexico

The effect of uncertainty on foreign direct investment:The case of Mexico

The effect of uncertainty on foreign direct investment:The case of Mexico

Estudios Económicos de El Colegio de México



Bibliographic data

Translated title: El efecto de la incertidumbre sobre la inversión extranjera directa: el caso de México
Journal Title: Estudios Económicos de El Colegio de México
First author: Gabriela López Noria
Other Authors: Juan José Zamudio Fernández
Palabras clave:
Traslated Keywords:
Language: English
Get full text: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/355/358
Resource type: Journal Article
Source: Estudios Económicos de El Colegio de México; Vol 33, No 1 (Year 2018).
DOI: https://doi.org/10.24201/ee.v33i1.355
Publisher: El Colegio de México
Usage rights: Reconocimiento - NoComercial - SinObraDerivada (by-nc-nd)
Categories: Social Sciences/Humanities --> Economics

Statistical data

  • Views
  • Consultations
  • Citation style
  • Share
  • Export record
  • Favourites
Bibliography: Abel, A.B. 1983. Optimal investment under uncertainty, The American Economic Review, 73(1): 228-233.

Abel, A.B. 1984. The effects of uncertainty on investment and the expected long-run capital stock, Journal of Economic Dynamics and Control, 7(1): 39-53.

Abel, A.B. 1985. A stochastic model of investment, marginal q and the market value of the firm, International Economic Review, 26(2): 305-322.

Anheuser-Busch-InBev. 2017. Reports & filings, .

Arellano, M. and O. Bover. 1995. Another look at the instrumental variable estimation of error-components model, Journal of Econometrics, 68(1): 29-51.

Banco de México. 2017a. Encuestas sobre las expectativas de los especialistas en economía del sector privado, .

Banco de México. 2017b. Estadísticas de tasas de interés, .

Banco de México. 2017c. Estadísticas sobre el mercado cambiario, .

Blonigen, B.A. and M. Wang. 2004. Inappropriate pooling of wealthy and pour countries in empiricalFDI studies, NBER Working Paper Series, no. 10378.

Bloom, N. 2013. The macroeconomics of time-varying uncertainty. IMF Lectures, slides, .

Bloom, N., S. Bond, and J. Van Reenen. 2007. Uncertainty and investment dynamics, Review of Economic Studies, 74(2): 391-415.

Blundell, R. and S. Bond. 1998. Initial conditions and moment restrictions in dynamic panel data models, Journal of Econometrics, 87(1): 115-143.

Bond, S., R. Moessner, H. Mumtaz, and M. Syed. 2005. Microeconometric evidence on uncertainty and investment, Institute for Fiscal Studies, , unpublished.

Caballero, R.J. and R.S. Pindyck. 1992. Uncertainty, investment, and industry evolution, NBER Working Paper Series, no. 4160.

Calvo, G.A., L. Leiderman, and C.M. Reinhart. 1996. Inflows of capital to developing countries in the 1990s, The Journal of Economic Perspectives,10(2): 123-139.

Carruth, A., A. Dickerson, and A. Henley. 2000. What do we know about investment under uncertainty?, Journal of Economic Surveys, 14(2): 119-154.

CBI Press Team. 2016. CBI predicts slower growth as dark cloud of uncertainty looms. Confederation of British Industry, .

Denis, S. and P. Kannan. 2013. The impact of uncertainty shocks on the UK Economy, IMF Working Paper, WP/13/66.

Dixit, A. and R.S. Pindyck. 1994. Investment under uncertainty, Princeton University Press, Princeton, NJ. Economic Policy Uncertainty. n.d. .

Eichengreen, B. and H. Tong. 2007. Is China’s FDI coming at the expense of other countries, Journal of the Japanese and International Economies, 21(2): 153-172.

Ellyatt, H. and G. Cutmore. 2016. European banking sector still in ‘very difficult’ place: UBS’ Axel Weber, CNBC, .

Episcopos, A. 1995. Evidence on the relationship between uncertainty and irreversible investment, The Quarterly Review of Economics and Finance, 35(1): 41-52.

Federal Reserve System. 2016. Industrial production and capacity utilization, .

Federal Reserve Bank of St. Louis. 2016. Federal funds rate, .

FEMSA. 2017. Resultados trimestrales, .

Ferderer, J.P. 1993. The impact of uncertainty on aggregate investment spending: an empirical analysis, Journal of Money, Credit and Banking, 25(1): 30-48.

Fuss, C. and P. Vermeulen. 2004. Firms’ investment decision in response to demand and price uncertainty, European Central Bank Working Paper Series, no. 347.

Ghosal, V. and P. Loungani. 1996. Product market competition and the impact of price uncertainty on investment: some evidence from US manufacturing industries, The Journal of Industrial Economics, 44(2): 217-228.

Ghosal, V. and P. Loungani. 2000. The differential impact of uncertainty on investment in small and large businesses, The Review of Economics and Statistics, 82(2): 338-343.

Guiso, L. and G. Parigi. 1999. Investment and demand uncertainty, The Quarterly Journal of Economics, 114(1): 185-227.

Hartman, R. 1972. The effects of price and cost uncertainty on investment,Journal of Economic Theory, 5(2): 258-266.

Hartman, R. 1976. Factor demand with output price uncertainty, The American Economic Review, 66(4): 675-681.

INEGI. 2017a. Encuesta mensual de opinión empresarial, .

INEGI. 2017b. Encuesta mensual de la industria manufacturera (EMIM), .

INEGI. 2017c. Banco de información económica (BIE), .

Jordaan, J.A. 2012. Agglomeration and the location choice of foreign direct investment: New evidence from manufacturing FDI in Mexico, Estudios Económicos, 27(1): 61-97.

Kalckreuth, U. 2000. Exploring the role of uncertainty for corporate investment decisions in Germany, Economic Research Group of the Deutsche Bundesbank, Discussion Paper no. 5/00.

Leahy, J.V. and T.M. Whited. 1996. The effect of uncertainty on investment: some stylized facts, Journal of Money, Credit and Banking, 28(1): 64-83.

Lemi, A. and S. Asefa. 2001. Foreign direct investment and uncertainty: Empirical evidence from Africa. Center for economic Research on Africa, School of Business, Montclair State University, .

Nucci, F. and A. F. Pozzolo. 2010. The exchange rate, employment, and hours: what firm-level data say, Journal of International Economics, 82(2): 112-123.

Oi, W.Y. 1961. The desirability of price instability under perfect competition, Econometrica, 29(1): 58-64.

Patillo, C. 1998. Investment, uncertainty, and irreversibility in Ghana, IMF Staff Papers, 45(3): 522-553.

Pindyck, R.S. 1988. Irreversible investment, capacity choice, and the value of the firm, The American Economic Review, 78(5): 969-985.

Pindyck, R.S. 1991. Irreversibility, uncertainty, and investment, Journal of Economic Literature, 29(3): 1110-1148.

Price, S. 1996. Aggregate uncertainty, investment and asymmetric adjustment in the UK manufacturing sector, Applied Economics, 28(11): 1369-1379.

Roodman, D. 2006. How to do xtabond2: An introduction to difference and system GMM in Stata, The Stata Journal, 9(1): 86-136.

Secretaría de Economía. 2017. Competitividad y Normatividad/Inversión Extranjera Directa, .

Secretariado Ejecutivo del Sistema Nacional de Seguridad Pública. 2016. Incidencia delicitiva del fuero común, .

Sharifi-Renani, H. and M. Mirfatah. 2012. The impact of exchange rate volatility on foreign direct investment in Iran, Procedia Economics and Finance, 1: 365-373.

UNCTAD. 2017a. Global foreign direct investment fell 13% in 2016, but modest recovery expected in 2017 - new figures, < http://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=1437>.

UNCTAD. 2017b. FDI Statistics, .

Valencia Herrera, H. and E. Gándara Martínez. 2009. Relación entre incertidumbre e inversión en México, enfoque de opciones reales, Revista de Administración, Finanzas y Economía, 3(2): 74-90.

Varela-Mollick, A., R. Ramos-Duran, and E. Silva-Ochoa. 2006. Infrastructure and FDI inflows into Mexico: A panel data approach, Global Economy Journal, 6(1): 1-25.

Ying, Y.H. and Y. Kim. 2001. An empirical analysis on capital flows: The case of Korea and Mexico, Southern Economic Journal, 67(4): 954-968.