Abstract

ELIZALDE GUZMAN, Héctor Paulino; ARANA CORONADO, José Jaime  and  MARTINEZ DAMIAN, Miguel Ángel. Macroeconomic determinants of direct foreign investment in Mexico 2000-2016. Anál. econ. [online]. 2020, vol.35, n.89, pp.117-142.  Epub Nov 13, 2020. ISSN 2448-6655.

This research seeks to identify the macroeconomic criteria that determine FDI in Mexico through economic variables related to resource availability, market size, efficiency and risk factor. Specifically, through a model of autoregressive vectors (VAR) are found the variables explaining the performance of the FDI during the period 2000-2016. According to the results, two lag period variables related to the efficiency criterion (oil price and level of indebtedness), as well as the same IED explains the FDI in Mexico. The measures promoted by the Mexican government during the study period, improved the company’s efficiency because of lower oil cost and reduced the indebtedness level with respect to GDP; as a result, these measures promoted more FDI.

Keywords : foreign direct investment; autoregressive vectors; efficiency.

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