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 pro...
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| Auteurs principaux: | , , |
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| Format: | Texto |
| Langue: | English |
| Publié: |
2017
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| Sujets: | |
| Accès en ligne: | http://hdl.handle.net/11362/42016 |
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| Résumé: | 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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