NBER Working Paper Series
Выпуск Nw7196 за 1999 год
Опубликовано на портале: 22-12-2003
Linda Goldberg, Michael W. Klein
NBER Working Paper Series.
1999.
w7196.
Foreign Direct Investment (FDI) has been growing rapidly, at a pace far exceeding
the growth in international trade. Thus, a full understanding of the relationship
between trade in goods and FDI is important for obtaining a complete picture of the
extent and sources of international linkages. Autors investigate whether FDI serves as
a complement to trade or a substitute for trade based on the effects identified by
the Rybczynski theorem whereby an increase in a factor of production used intensively
in one sector affects production both in that sector and in other sectors. Using
detailed data on bilateral capital and trade flows between the United States and
individual Latin American countries, autors examine the linkages between FDI into particular
sectors of Latin American economies and the net exports of those and other manufacturing
sectors. Autors find that FDI from the United States can lead to significant, and varied,
shifts in the composition of activity in many Latin American countries and across
many manufacturing industries.

