Regionality as a determinant of the Brazilian FDI: a panel data analysis
DOI:
https://doi.org/10.5902/1414650933130Keywords:
FDI, Developing economies, Global regionsAbstract
Previously, FDI flows had their origin strongly tied to developed economies. However, recent reports from multilateral organizations have shown that this phenomenon has undergone changes, with some developing countries also occupying important positions as major origins for FDI. From this consideration, the present work seeks to show which are the determinants of FDI originated in Brazil and what is the role of regionality. To do so, a panel data model with macroeconomic and institutional variables will be estimated. The results point to the non-significance of the regionality and the strong relevance of macroeconomic variables.
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