We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
Riesgo soberano e inversión extranjera directa en Colombia, 2003-2018.
- Authors
Isabel Ramos, Cristina
- Abstract
This study examines the effect of the sovereign risk upon the flow of direct foreign investments in Colombia during the 2003-2018 period. For this three-month data about the Embig (Emerging Market Bond Index Global) is used as proxy for the sovereign risk, IED and a group of control variables. Through a regression analysis with MCO and MMG it is found that the sovereign risk has a strong impact in the entrance of foreign investment, serving as an explanation for the 22% of the total IED variation. It is also ratified the substantial effect of the sovereign risk over the IED with an impulse-answer function. By controlling via the openness rate and the ICCO, it is concluded that the private agents trust and the international commerce grade are determining in the attraction of foreign capital flows.
- Subjects
COLOMBIA; FOREIGN investments; SOVEREIGN risk; CAPITAL movements; INTERNATIONAL trade; EMERGING markets
- Publication
Semestre Económico, 2019, Vol 22, Issue 52, p131
- ISSN
0120-6346
- Publication type
Article
- DOI
10.22395/seec.v22n52a6