The determinants of foreign direct investment in Brazil: empirical analysis for 2001-2013
This article aims to analyse the determinants of foreign direct investment (FDI) into Brazil between 2001 and 2013. It uses a vector error correction (VEC) model to analyse both the long-term function and the impulse-response function. The results show that levels of economic activity, wages and productivity are positively related to FDI inflows, which means that investors pursue market-seeking and efficiency-seeking strategies when targeting the Brazilian market. Although less important, the stability of the national economy and the exchange rate also proved statistically significant in explaining FDI inflows.
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| Main Authors: | , , |
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| Format: | Texto biblioteca |
| Language: | English |
| Published: |
2017-04
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| Subjects: | INVERSION EXTRANJERA DIRECTA, CRECIMIENTO ECONOMICO, PRODUCTIVIDAD, AGRICULTURA, INDUSTRIA, SECTOR TERCIARIO, MODELOS ECONOMETRICOS, FOREIGN DIRECT INVESTMENT, ECONOMIC GROWTH, PRODUCTIVITY, AGRICULTURE, INDUSTRY, SERVICE INDUSTRIES, ECONOMETRIC MODELS, |
| Online Access: | https://hdl.handle.net/11362/42016 |
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