The determinants of foreign direct investment in Brazil: empirical analysis for 2001-2013

被引:0
|
作者
Correa da Silveira, Eduarda Martins [1 ]
Dias Samsonescu, Jorge Augusto [2 ]
Triches, Divanildo [3 ,4 ]
机构
[1] Fed Univ Rio Grande UFRGS, Postgrad Programme Econ, Econ, Porto Alegre, RS, Brazil
[2] Univ Vale Rio Sinos UNISINOS, Econ, Soo Leopoldo, Brazil
[3] Fed Univ Rio Grande UFRGS, Porto Alegre, RS, Brazil
[4] Univ Vale Rio Sinos UNISINOS, Postgrad Programme Econ PPGE, Soo Leopoldo, Brazil
来源
CEPAL REVIEW | 2017年 / 121期
关键词
Foreign direct investment; economic growth; productivity; agriculture; industry; tertiary sector; econometric models; Brazil;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:171 / 184
页数:14
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