Heterogeneidade institucional e o ingresso de investimento direto estrangeiro na economia brasileira

Resumo

Given the evolution of the inflow of foreign direct investment in the Brazilian economy and the growing concern about institutional aspects in the countries that receiving and sending this type of investment, the present study aimed to evaluate how the quality of the institutional environment and its heterogeneity has affected the entry of FDI in the Brazilian market in the period 1996-2012. Therefore, estimation of a gravity equation for the flow of foreign investments to Brazil and from its 31 major investment partners were held. The results of this analysis showed that the volume of incoming foreign investment in Brazil is positively affected by the quality of the socio-political and economic-financial institutional environment between the countries of origin and  Brazil. Moreover, the economic and financial institutional heterogeneity proved to be negatively related to the inflow of the foreign capital.

Ficha do documento

Tipo

Artigo científico

Ano

2016

Instituição

Universidade de São Paulo. Faculdade de Economia, Administração, Contabilidade e Atuária

Fonte

Estudos Econômicos

Idioma

Português

Acesso

Não informado

DOI

10.1590/0101-416146211glj

Identificador

oai:revistas.usp.br:article/90465

Licença

http://creativecommons.org/licenses/by-nc/4.0

Temas

Economia

Palavras-chave

Investimento direto Estrangeiro (IDE)ambiente institucionalBrasilForeign direct investment (FDI)Institutional environment Brazil