{
  "title": "Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America",
  "publication": "IMF Working Papers, January 1, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/foreign-direct-investment-and-structural-reforms-evidence-from-eastern-europe-and-latin-21639",
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  "summary": "This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- as determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Study investigates the role of structural reforms—financial reforms, trade liberalization, and privatization—as determinants of FDI inflows.\n- Analysis is based on a newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004.\n- Main finding: a strong empirical relationship from reforms to FDI, in particular, from financial liberalization and privatization.\n- Results are reported to be robust to different measures of reforms, split samples, and potential endogeneity and omitted variables biases."
    },
    {
      "heading": "Dataset and Scope",
      "content": "- Geographic coverage: 19 Latin American countries; 25 Eastern European countries.\n- Time period analyzed: between 1989 and 2004.\n- Reform types examined: financial reforms, trade liberalization, privatization."
    },
    {
      "heading": "Key Empirical Findings",
      "content": "- Strong empirical relationship from structural reforms to FDI inflows.\n- Financial liberalization: identified as a significant determinant of increased FDI inflows.\n- Privatization: identified as a significant determinant of increased FDI inflows.\n- Trade liberalization: examined alongside other reforms (summary emphasizes financial liberalization and privatization as particularly important)."
    },
    {
      "heading": "Robustness and Reliability",
      "content": "- Findings reported as robust to:\n  - Different measures of reforms.\n  - Split samples.\n  - Potential endogeneity and omitted variables biases."
    },
    {
      "heading": "Subject Classification and Keywords",
      "content": "- Subject areas: Financial sector development, Foreign direct investment, Privatization, Structural reforms, Trade liberalization.\n- Keywords: FDI flow, FDI inflow, WP.\n\nSource: Yuko Kinoshita and Nauro F. Campos, \"Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America\", IMF Working Papers, January 1, 2008.\n\n---\n\n Content in this bundle\n\n- wp0826\n  - wp0826 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp0826 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/foreign-direct-investment-and-structural-reforms-evidence-from-eastern-europe-and-latin-21639"
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    "Authors: Yuko Kinoshita, Nauro F. Campos",
    "Published: January 1, 2008",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451868883.001",
    "Study investigates the role of structural reforms—financial reforms, trade liberalization, and privatization—as determinants of FDI inflows.",
    "Analysis is based on a newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004.",
    "Main finding: a strong empirical relationship from reforms to FDI, in particular, from financial liberalization and privatization.",
    "Results are reported to be robust to different measures of reforms, split samples, and potential endogeneity and omitted variables biases.",
    "Geographic coverage: 19 Latin American countries; 25 Eastern European countries.",
    "Time period analyzed: between 1989 and 2004.",
    "Reform types examined: financial reforms, trade liberalization, privatization.",
    "Strong empirical relationship from structural reforms to FDI inflows.",
    "Financial liberalization: identified as a significant determinant of increased FDI inflows.",
    "Privatization: identified as a significant determinant of increased FDI inflows.",
    "Trade liberalization: examined alongside other reforms (summary emphasizes financial liberalization and privatization as particularly important).",
    "Findings reported as robust to:",
    "Subject areas: Financial sector development, Foreign direct investment, Privatization, Structural reforms, Trade liberalization.",
    "Keywords: FDI flow, FDI inflow, WP.",
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