DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN BRAZIL: AN APPLICATION OF THE VECTOR AUTOREGRESSIVE MODELS (VAR) IN THE PERIOD OF 1980-2010

Authors

  • Samuel Costa Peres Universidade Federal do Rio Grande do Sul
  • Tiago Hideo Yamada Universidade Estadual de Maringá

DOI:

https://doi.org/10.5902/1414650913410

Keywords:

FDI flows, VAR model, Brazil

Abstract

This paper aims to analyze the determinants of the foreign direct investment (FDI) inflows in the Brazilian economy over the period 1980-2010. Basically, the determinants of FDI may be related to characteristics of firms and countries of origin (push factors) or locational factors (pull factors). Among the push factors analyzed in this article, stands out the influence of the GDP real growth rate in advanced economies and the rate of change of the Dow Jones Index (DJIA). As pull effects, stood out the domestic product rate of growth, the Bovespa index, the exchange rate and, in a minor degree, the Economic Freedom Index.

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Author Biographies

Samuel Costa Peres, Universidade Federal do Rio Grande do Sul

Doutorando no Programa de Pós-Graduação em Economia da UFRGS. Mestre em Economia pela UEM. Bolsista do CNPq.

Tiago Hideo Yamada, Universidade Estadual de Maringá

Mestrando no Programa de Pós-Graduação em Ciências Econômicas da UEM.

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Published

2014-09-22

How to Cite

Peres, S. C., & Yamada, T. H. (2014). DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN BRAZIL: AN APPLICATION OF THE VECTOR AUTOREGRESSIVE MODELS (VAR) IN THE PERIOD OF 1980-2010. Economia E Desenvolvimento, 26(2). https://doi.org/10.5902/1414650913410

Issue

V. 26, n. 2, jul./dez. 2014

Section

Articles

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