<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2477-9075</journal-id>
<journal-title><![CDATA[Revista Economía y Política]]></journal-title>
<abbrev-journal-title><![CDATA[Revista Economía y Política]]></abbrev-journal-title>
<issn>2477-9075</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Cuenca]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2477-90752020000200047</article-id>
<article-id pub-id-type="doi">10.25097/rep.n31.2020.03</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Determinantes de la inversión extranjera directa en América Latina: una visión desde la economía administrativa]]></article-title>
<article-title xml:lang="en"><![CDATA[Factors that determine foreign direct investment in Latin America: an administrative economics vision]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gómez Aguirre]]></surname>
<given-names><![CDATA[Regina]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Windler Muñoz]]></surname>
<given-names><![CDATA[Lia]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Massa Roldán]]></surname>
<given-names><![CDATA[Ricardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Tecnológico de Monterrey  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Tecnológico de Monterrey  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,CONACYT-CIDE  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>México</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<numero>31</numero>
<fpage>47</fpage>
<lpage>66</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://scielo.senescyt.gob.ec/scielo.php?script=sci_arttext&amp;pid=S2477-90752020000200047&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://scielo.senescyt.gob.ec/scielo.php?script=sci_abstract&amp;pid=S2477-90752020000200047&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://scielo.senescyt.gob.ec/scielo.php?script=sci_pdf&amp;pid=S2477-90752020000200047&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El presente trabajo propone una extensión al modelo de la teoría ecléctica de Dunning para explorar el efecto que tienen las variables de la economía administrativa en el comportamiento de los flujos de la inversión extranjera directa (IED) hacia México, Costa Rica, Panamá, Brasil y Perú. Utilizando un modelo de datos panel se estima que para el periodo 2006-2015, variables como el costo de hacer cumplir un contrato, costo de registrar una propiedad, tamaño de la industria bancaria y trabajo en la industria de la agricultura desincentivan la IED hacia países latinoamericanos, al tiempo que elementos relacionados con la apertura comercial la fomentan. En aras de incrementar el flujo de IED hacia países de América Latina, se sugiere diseñar mecanismos que reduzcan los costos de transacción acompañados de políticas públicas que promuevan la competencia dentro del sector bancario local y se persiga la especialización de la mano de obra.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The present work proposes an extension to Dunning's eclectic theory to explore the effect that variables, with an administrative economics scope, have on the behavior of foreign direct investment (FDI) flows into Mexico, Costa Rica, Panama, Brazil and Peru. Using a panel data model it is estimated that, for the period 2006-2015, variables such as the cost of enforcing a contract, the cost of registering a property, size of the banking industry and labor in the agriculture industry discourage FDI towards Latin American countries, while elements related to trade openness encourage it. In order to increase the flow of FDI into the region, it is suggested to design mechanisms that reduce transaction costs accompanied by public policies that promote competition within the local banking sector and pursue the specialization of labor.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Inversión]]></kwd>
<kwd lng="es"><![CDATA[Gobernanza]]></kwd>
<kwd lng="es"><![CDATA[Latinoamérica]]></kwd>
<kwd lng="es"><![CDATA[Inversión Extranjera Directa]]></kwd>
<kwd lng="es"><![CDATA[Datos Panel]]></kwd>
<kwd lng="en"><![CDATA[Investment]]></kwd>
<kwd lng="en"><![CDATA[Governance]]></kwd>
<kwd lng="en"><![CDATA[Latin America]]></kwd>
<kwd lng="en"><![CDATA[Foreign Direct Investment]]></kwd>
<kwd lng="en"><![CDATA[Panel Data]]></kwd>
</kwd-group>
</article-meta>
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