The impact of foreign direct investment on economic growth for countries in Latin America
This paper examines how Foreign Direct Investment (FDI) affects Economic Growth and Total Factor Productivity (TFP) for recipient countries in Latin America. The study investigates whether FDI generates positive spillover effects, leading to a higher increase in TFP than domestic investments. According to the Schumpeterian model increasing in TFP would lead to a higher economic growth rate (Lucas,