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Publicação
Foreign direct investment and institutional reform : evidence and an application to Portugal
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Orientador(es)
Resumo(s)
We examine the role of geographic, economic, and institutional factors in attracting Foreign Direct Investment (FDI) in Europe, using a cross-section of inward bilateral investments. We estimate and assess the expected benefits, the required reform efforts, and the efficiency of reform options corresponding to a con- vergence of Portuguese institutions to EU standards. We conclude that improving home institutions is likely to have a quantitatively very significant role in attracting FDI. Geographical and market size factors also play a role. Reforms promoting the independence of financial institutions and a leaner bureaucracy, lowering political risk and corruption, and improving the investment code may significantly affect the amount of bilateral inward FDI that is targeted to Portugal.
Descrição
Palavras-chave
Foreign direct investment Institutions Institutional reform Portugal European union
Contexto Educativo
Citação
Júlio, Paulo, Ricardo Pinheiro–Alves e José Tavares (2013). "Foreign direct investment and institutional reform : evidence and an application to Portugal". Portuguese Economic Journal, 12(3):215-250
Editora
Springer Verlag