Does mining FDI crowd in other investments? Investigation of FDI intersectoral linkages

Does mining FDI crowd in other investments? Investigation of FDI intersectoral linkages

This paper analyzes whether mining FDI ‘crowds in’ or ‘out’ FDI in other sectors via intersectoral linkages. It utilizes a novel data set covering an unbalanced panel of sector-disaggregated FDI flows for 70 countries during the period from 1985 to 2010. Results show differential effects of mining F...

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Bibliographic Details
Main Authors: Doytch, Nadia, Mendoza, Ronald U, Siriban, Charles I
Format: text
Published: Archīum Ateneo 2015
Subjects:
foreign direct investment (FDI)
spillovers
crowding in effect
extractive industries
Public Affairs, Public Policy and Public Administration
Online Access:https://archium.ateneo.edu/asog-pubs/154
https://link.springer.com/article/10.1057/ces.2015.2
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Institution: Ateneo De Manila University
Description
Summary:This paper analyzes whether mining FDI ‘crowds in’ or ‘out’ FDI in other sectors via intersectoral linkages. It utilizes a novel data set covering an unbalanced panel of sector-disaggregated FDI flows for 70 countries during the period from 1985 to 2010. Results show differential effects of mining FDI on FDI in other sectors (manufacturing, financial services, non-financial services) and across country groups. Some of the most interesting results are seen in the high-income countries group, where mining FDI is observed to have a crowding-out effect on financial services FDI, and in the lower middle-income countries group, where mining FDI is observed to crowd in both manufacturing and financial services FDI.

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