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Home country trade effects of outward FDI : an analysis of the Portuguese case, 1996-2007
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Orientador(es)
Resumo(s)
Given the increased internationalisation of the Portuguese economy through outward
Foreign Direct Investment (FDI), particularly on the Portuguese-speaking countries, our
main objective is to discuss the empirical relationship between this outward FDI and trade.
We use panel data analysis within a framework of gravity equations for exports and imports, with a sample composed by EU-15, U.S.A., Brazil, Angola, Japan and China, for the period 1996-2007.
Our main conclusion is that the empirical evidence for Portugal is consistent with a
substitution hypothesis between direct investment abroad and trade, and consequently we detect a negative trade balance effect with the majority of countries in our sample,
excepting Angola and, in a lesser extension, Spain.
Descrição
Palavras-chave
Foreign Direct Investment Trade Gravity Model Portugal
Contexto Educativo
Citação
Fonseca, Miguel. António Mendonça and José Passos .2010. Home country trade effects of outward FDI : an analysis of the Portuguese case, 1996-2007. Faculdade de Economia. Universidade do Porto – Working Papers nº 365/ 2010.
Editora
Faculdade de Economia - Universidade do Porto