Los determinantes de la inversión extranjera directa en Colombia 2000-2019

Abstract

This thesis work is focused on identifying the determinants of foreign direct investment during the period from 2000 to 2019. In the work, the relationship between foreign direct investment (FDI) in Colombia with the different determinants that impact on it will be analyzed. It constitutes the first part of an investigation on the evolution of Foreign Direct Investment (FDI) between the period from 2000 to 2019, to then give rise to the second part of the investigation on FDI, the determinants of foreign direct investment ( FDI) and foreign direct investment (FDI) in Colombia. The objective of this document is to present what the determinants of foreign direct investment (FDI) are and how they impact in Colombia and the importance of each one in relation to it. It is found that in recent years FDI in the country has registered a growing trend, becoming the main source of financing, and therefore an important determinant for the Colombian economy. A brief presentation is made of the conceptual aspects related to FDI and the different determinants investigated in order to give rise to 4 models developed by OLS ordinary least squares estimators, taking foreign direct investment as the dependent variable, taking into account the influence of the variables considered. In the preliminary estimates, they analyze the behavior of direct foreign investment flows to the Colombian economy and its relationship with a series of determinants, such as economic openness, economic growth, etc. The analysis of the determinants of FDI on the Colombian economy carried out in this study suggests that the government design and improve political stability, that is, that there is no or at least zero corruption, equity, etc. attraction of foreign investors to obtain new trade integration and investment agreements.