International trade and factor mobility
Subtitle: an empirical investigation
By: Linda S. Goldberg and Michael W. Klein.
Contributors: Klein, Michael W., 1958-; Federal Reserve Bank of New York.
Series: Staff reports ;; no. 81; Staff reports (Federal Reserve Bank of New York : Online) ;; no. 81.
Publisher: Federal Reserve Bank of New York
Published: 1999
Place of publication: [New York, N.Y.]
Language: eng
Format: Electronic resource
Subjects: Investments, American -- Latin America.; Capital movements -- Latin America.; Latin America -- Commerce.
Description: "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.  We 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, we examine the linkages between FDI into particular sectors of Latin American economies and the net exports of those and other manufacturing sectors.  We 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"--Federal Reserve Bank of New York web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 2/14/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.