The determinants of foreign direct investment in Brazil: empirical analysis for 2001-2013
Abstract
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.
Translation
Los determinantes de la inversión extranjera directa en el Brasil: análisis empírico del período 2001-2013See all articles of this issue
Serie
CEPAL ReviewECLAC Subtopics
ECONOMIC GROWTH ; FOREIGN DIRECT INVESTMENT ; MICROECONOMICS ; PRODUCTIVITY ; MACROECONOMICSUnited Nations Subtopics
FOREIGN DIRECT INVESTMENT ; ECONOMIC GROWTH ; PRODUCTIVITY ; AGRICULTURE ; INDUSTRY ; SERVICE INDUSTRIES ; ECONOMETRIC MODELSCountry / Region
BRAZILCollections
en