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Foreign direct investment and home-country political risk: the case of Brazil

dc.contributor.authorAguiar, Sandra
dc.contributor.authorConraria, Luís Aguiar
dc.contributor.authorGulamhussen, Mohamed Azzim
dc.contributor.authorMagalhães, Pedro
dc.date.accessioned2012-08-14T11:00:29Z
dc.date.available2012-08-14T11:00:29Z
dc.date.issued2012
dc.description.abstractThis article looks into the factors that explain foreign direct investment (FDD in Brazil by country of origin. We collected a sample of 180 countries with and without FDI in Brazil. We use multiple estimation techniques and controls to isolate the effect of country political risk on outward foreign direct investment and show that countries with lower levels of political risk undertake more FDI in Brazil, and that features of the policy environment of home countries drive the negative relationship between risk and FDL Furthermore, we show that the aspect of the political and institutional environment that is most likely to drive this negative relation between risk and investment into Brazil is related to the effectiveness of national governments. Our findings broaden the understanding of the puzzling influence of political risk on FDI observed in previous studies, correct for sampling and selection biases, and have substantive implications for policy design to attract FDI.por
dc.identifier.citationAguiar, S., Aguiar-Conraria, L., Gulamhussen, M., & Magalhães, P. C. (2012). Foreign direct investment and home-country political risk: the case of Brazil. Latin American Research Review, 47(2), 144-165por
dc.identifier.urihttp://hdl.handle.net/10451/6824
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherLatin American Studies Association (LASA)por
dc.subjectInvestimento directo estrangeiropor
dc.subjectBrasil - política económicapor
dc.titleForeign direct investment and home-country political risk: the case of Brazilpor
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage165por
oaire.citation.startPage144por
oaire.citation.titleLatin American Research Reviewpor
oaire.citation.volumeVol. 47-2por
person.familyNameMiguel Dias Costa Coutinho Magalhães
person.givenNamePedro
person.identifierB-3197-2010
person.identifier.ciencia-id7916-2510-3456
person.identifier.orcid0000-0001-8934-4552
person.identifier.scopus-author-id10241661800
rcaap.rightsrestrictedAccesspor
rcaap.typearticlepor
relation.isAuthorOfPublication0f8f6f40-96f4-43e6-9489-2b9ab6b64b24
relation.isAuthorOfPublication.latestForDiscovery0f8f6f40-96f4-43e6-9489-2b9ab6b64b24

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