Impacto de la repatriación de utilidades de la IED estadounidense en América Latina

Abstract

We estimate the long-term effect of the repatriation of us fdi profits on a set of Latin American economies, following a panel cointegration metodology. The results suggest that investment in physical capital, labor, public expenditure on education and the repa-triation of fdi profits impact on economic activity in the region. Particularly, repatriation shows a negative sign, becoming a barrier to economic growth. Thus, a regulation that competitively boosts the reinvestment would be favorable for economic performance in these countries.