Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/202473 
Year of Publication: 
2018
Series/Report no.: 
Working Papers No. 2018-07
Publisher: 
Banco de México, Ciudad de México
Abstract: 
Using an up-to-date database that improves the identification of the destination of the Foreign Direct Investment (FDI) among Mexican states and spatial panel econometric models that quantify the potential interactions and spillover effects, we analyze the main characteristics that help understand the regional distribution of manufacturing FDI in Mexico. Our main findings indicate the presence of a positive spatial relationship among states' FDI; for example, a higher investment creates a positive spillover effect on neighboring states' FDI and positive direct and indirect effects of human capital, agglomeration and states' fiscal margin. Based on the results of this research, key implications for public policy oriented to strengthen the FDI reside in increasing the average education level and improving tax revenue of Mexican states.
Subjects: 
FDI
spatial panel econometric models
spillover effects
JEL: 
C21
C23
R12
Document Type: 
Working Paper
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