TY  - BOOK
AU  - Cravino,Javier
AU  - Cravino,Javier
AU  - Lederman,Daniel
AU  - Olarreaga,Marcelo
TI  - Foreign Direct Investment in Latin America During the Emergence of China and India: Stylized Facts 
PY  - 2007///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Capital formation
KW  - Capital stocks
KW  - Common Carriers Industry
KW  - Corporate Law
KW  - Debt Markets
KW  - Developing countries
KW  - Finance and Financial Sector Development
KW  - Financial support
KW  - Fixed capital
KW  - Foreign capital
KW  - Foreign Direct Investment
KW  - Host countries
KW  - Host country
KW  - Industry
KW  - International Bank
KW  - Law and Development
KW  - Non Bank Financial Institutions
KW  - Transport
KW  - Transport and Trade Logistics
N2  - In spite of the growing concerns about foreign direct investment being diverted from Latin America to China and India, the best available data show that Latin America has performed relatively well since 1997. Foreign capital stocks from OECD countries and the United States in particular in China and India are still far from those in the largest Latin American economies. The evidence shows that foreign capital stocks in China increased more than in Latin America during 1990-1997, but not as much since 1997. In fact, Latin America has actually performed better than China since 1997 given its lack of relative growth. The growth of foreign capital stocks in India was more stable than in China. Nonetheless, after controlling for shocks emanating from the source countries and bilateral distance between source and host countries, this paper finds a significant change in foreign capital stocks relative to China between 1990 and 1997, but no change relative to India
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-4360
ER  -