Ecuador, Perú y Colombia: factores que inciden en la inversión extranjera directa período 2000-2020.

Abstract

Foreign direct investment represents a great source of income attraction for a country, which drives economic growth and increases the size of the market. For these reasons, the present study aims to determine the factors that affect foreign direct investment in three Latin American countries, applying methodological tools such as the statistical panel data model in the period 2000-2020. Using the fixed effects technique, it was estimated to what degree the variables affect; gross fixed capital formation, GDP growth rate, inflation rate and country risk index to foreign direct investment (FDI). Similarly, a consistency test was applied to verify the solidity of the model. The results showed that, in the countries of Ecuador, Peru and Colombia, only the variables gross fixed capital formation and GDP growth rate are statistically significant in attracting FDI flows.