Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional quality

Autores
Barone, Sergio; Descalzi, Ricardo L.; Navarrete, José Luis
Año de publicación
2019
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
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
Materia
Threshold effects
Panel data
Terms of trade
FDI inflows
Institutional quality
Nivel de accesibilidad
acceso abierto
Condiciones de uso
Repositorio
Repositorio Digital Universitario (UNC)
Institución
Universidad Nacional de Córdoba
OAI Identificador
oai:rdu.unc.edu.ar:11086/554104
Acceder
id RDUUNC_a0213c8b7302ffd9c2a0c652a524579b
oai_identifier_str oai:rdu.unc.edu.ar:11086/554104
network_acronym_str RDUUNC
repository_id_str 2572
network_name_str Repositorio Digital Universitario (UNC)
spelling Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional qualityBarone, SergioDescalzi, Ricardo L.Navarrete, José LuisThreshold effectsPanel dataTerms of tradeFDI inflowsInstitutional qualityFil: 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, Econometríahttps://orcid.org/0009-0009-3710-355X2019-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdf1852-0022http://hdl.handle.net/11086/554104enghttps://bd.aaep.org.ar/anales/works/works2019/descalzi.pdfinfo:eu-repo/semantics/openAccessreponame:Repositorio Digital Universitario (UNC)instname:Universidad Nacional de Córdobainstacron:UNC2025-09-29T13:41:56Zoai:rdu.unc.edu.ar:11086/554104Institucionalhttps://rdu.unc.edu.ar/Universidad públicaNo correspondehttp://rdu.unc.edu.ar/oai/snrdoca.unc@gmail.comArgentinaNo correspondeNo correspondeNo correspondeopendoar:25722025-09-29 13:41:57.01Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdobafalse
dc.title.none.fl_str_mv 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
spellingShingle Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional quality
Barone, Sergio
Threshold effects
Panel data
Terms of trade
FDI inflows
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_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_sort Measuring threshold effects in non-dynamic panels: the impact of terms of trade on FDI inflows under different regimes of institutional quality
dc.creator.none.fl_str_mv Barone, Sergio
Descalzi, Ricardo L.
Navarrete, José Luis
author Barone, Sergio
author_facet Barone, Sergio
Descalzi, Ricardo L.
Navarrete, José Luis
author_role author
author2 Descalzi, Ricardo L.
Navarrete, José Luis
author2_role author
author
dc.contributor.none.fl_str_mv https://orcid.org/0009-0009-3710-355X
dc.subject.none.fl_str_mv Threshold effects
Panel data
Terms of trade
FDI inflows
Institutional quality
topic Threshold effects
Panel data
Terms of trade
FDI inflows
Institutional quality
dc.description.none.fl_txt_mv 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
description Fil: Barone, Sergio. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
publishDate 2019
dc.date.none.fl_str_mv 2019-11
dc.type.none.fl_str_mv info:eu-repo/semantics/conferenceObject
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_5794
info:ar-repo/semantics/documentoDeConferencia
format conferenceObject
status_str publishedVersion
dc.identifier.none.fl_str_mv 1852-0022
http://hdl.handle.net/11086/554104
identifier_str_mv 1852-0022
url http://hdl.handle.net/11086/554104
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://bd.aaep.org.ar/anales/works/works2019/descalzi.pdf
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositorio Digital Universitario (UNC)
instname:Universidad Nacional de Córdoba
instacron:UNC
reponame_str Repositorio Digital Universitario (UNC)
collection Repositorio Digital Universitario (UNC)
instname_str Universidad Nacional de Córdoba
instacron_str UNC
institution UNC
repository.name.fl_str_mv Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdoba
repository.mail.fl_str_mv oca.unc@gmail.com
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score 13.070432

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