Loading...
Please wait, while we are loading the content...
Similar Documents
Os determinantes do IDE no Brasil e no México: uma análise empírica para o período de 1990 a 2010
| Content Provider | Semantic Scholar |
|---|---|
| Author | Castro, Priscila Gomes De |
| Copyright Year | 2012 |
| Abstract | CASTRO, Priscila Gomes de, M. Sc., Universidade Federal de Viçosa, February, 2012. The FDI determinants in Brazil and Mexico: an empirical analysis for the period 1990 to 2010. Adviser: Elaine Aparecida Fernandes. Co-Advisers: Antônio Carvalho Campos and Francisco Carlos da C. Cassuce. In a globalized economy, foreign direct investment (FDI) plays an important role in the modernization of developing countries and the factors that explain why transnational corporations are directed to a certain country or region remain a debate subject. In the last years, Latin America was one of the drivers of foreign investment growth and attraction among developing countries. However, the FDI flows in this region are very concentrated in some countries, particularly Brazil and Mexico, which in the mid2000 came to receive more than 50% of these flows. In this context, this work aims to analyze the foreign direct investment determinants in Brazil and Mexico, during the period 1990 to 2010. For this purpose, it is used the Vector Error Correction Model (VEC) as the methodology. The empirical results and a comparative analyses show that the two countries have, in common, many features in relation to FDI attraction. Both have adopted similar economic policies and promoted legislation more attractive to FDI. The trade liberalization stands as one of the main attractions to direct investment in both countries, and the internal market size as the main determinant in Brazil. About the differences, the comparative analysis highlights the issue of sector investment fate, and the fact that the econometric models divergence occurs on the importance of GDP as a FDI determinant, which is very relevant in the Brazil case and not so substantial in Mexico. With these findings, it follows that, in Brazil, the main multinationals strategy is the market seeking with expressive importance of efficiency seeking strategy. In Mexico, it seems to prevail the efficiency-seeking strategy, related to the importance of trade liberalization to attract FDI. Based on these considerations, it is clear that Brazil and Mexico, in order to keep attracting foreign investment, should invest in policies that promote trade and economic growth. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.locus.ufv.br/bitstream/handle/123456789/3270/texto%20completo.pdf?isAllowed=y&sequence=1 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
