The FDI-Growth Nexus in Latin America: The Role of Source Countries and Local Conditions

Foreign Direct Investment (FDI) has surged in Latin America (LA) since the mid 1990s. European and North American FDI is of capital importance. We investigate the FDI-growth nexus in LA allowing for different source countries, regional hetero- geneity, interaction terms with FDI, and more than 20 growth determinants. We use Bayesian Model Averaging to address model uncertainty and to select the best mod- els and most robust parameters. The principal finding is that a positive FDI-growth nexus in LA requires a functioning legal framework and macroeconomic stability. We also find that European FDI is only indirectly correlated with productivity growth, whereas North American FDI is more robust and thus directly correlated with pro- ductivity growth.FDI-growth nexus;model uncertainty;Bayesian Model Averaging;Latin America

The FDI-Growth Nexus in Latin America:The Role of Source Countries and Local Conditions

Foreign Direct Investment (FDI) has surged in Latin America (LA) since the mid 1990s. European and North American FDI is of capital importance. We investigate the FDI-growth nexus in LA allowing for different source countries, regional hetero- geneity, interaction terms with FDI, and more than 20 growth determinants. We use Bayesian Model Averaging to address model uncertainty and to select the best mod- els and most robust parameters. The principal finding is that a positive FDI-growth nexus in LA requires a functioning legal framework and macroeconomic stability. We also find that European FDI is only indirectly correlated with productivity growth, whereas North American FDI is more robust and thus directly correlated with pro- ductivity growth

The FDI-Growth Nexus in Latin America:The Role of Source Countries and Local Conditions

Foreign Direct Investment (FDI) has surged in Latin America (LA) since the mid 1990s. European and North American FDI is of capital importance. We investigate the FDI-growth nexus in LA allowing for different source countries, regional hetero- geneity, interaction terms with FDI, and more than 20 growth determinants. We use Bayesian Model Averaging to address model uncertainty and to select the best mod- els and most robust parameters. The principal finding is that a positive FDI-growth nexus in LA requires a functioning legal framework and macroeconomic stability. We also find that European FDI is only indirectly correlated with productivity growth, whereas North American FDI is more robust and thus directly correlated with pro- ductivity growth

Suppression Aeroelastic Instability Using Broadband Passive Targeted Energy Transfers, Part 1: Theory

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/76103/1/AIAA-24062-636.pd

Virtual Assistants for End-User Development in the Internet of Things

The spread of Virtual Assistants (software and hardware) on the consumer market deeply changed the way Internet of Things (IoT) is implemented and used today. Such devices, and related applications, are becoming more and more integrated within smart environments and this might pave the way to potential new approaches to End-User Development activities, which can be performed in IoT environments. This paper discusses the evolution of the IoT ecosystem definition that has been studied by the authors in the last years

Migration and regional convergence in the European Union

Migration and Regional Convergence in the European Union European migration trends in the last decade have been marked by a number of spectacular changes. In the course of the recent enlargement immigration to some EU15 countries from the CEECs has become remarkable. Nevertheless, the vast majority of the EU27 countries are net immigration countries. In face of the important immigration and the cohesion problem, the question arises whether migration had any effect on unemployment and GDP per capita levels in the 2000s. In this paper we use data from the Eurostat Regio Database and estimate whether EU regions reveal a process of convergence in unemployment and income and whether migration plays a role in this process. We further examine whether migration has a different impact on emigration and immigration regions or in converging and diverging regions. While we cannot find a significant impact of migration on unemployment, migration clearly affects per capita income growth

Nonlinear dynamic response and modeling of a bi-stable composite plate for applications to adaptive structures

This paper discusses the formulation and validation of a low order model to capture the dynamics of a bi-stable composite plate, focusing on the dynamics around its stable states. More specifically, the model aims to capture the complex nonlinear subharmonic behavior observed in the dynamic response of the plate. A system identification approach is used to derive simplified equations of motion for the system. Experimental frequency response diagrams are obtained to characterize the observed dynamics in the identification process. Simulations using the identified model are presented showing excellent agreement with the experimentally observed behavior. A theoretical validation of the model is carried out studying the stability of the modes where subharmonic response was observed. Stability boundaries were computed using averaging techniques showing good agreement with experimental results