RELATIONSHIPS AMONG ECONOMIC GROWTH, EXPORTS AND FOREIGN DIRECT INVESTMENT IN BRAZIL
This paper examines the causal relationship among economic growth (GDP), exports and foreign direct investment (FDI) in Brazil during the years of 1947 to 2010. The empirical study is based on a VAR, in which was applied the Toda e Yamamoto test. The results show an one-way relation between GPD and...
| Authors: | , , |
|---|---|
| Format: | article |
| Status: | Published version |
| Publication Date: | 2012 |
| Country: | Brasil |
| Institution: | Universidade Federal do Rio Grande do Sul (UFRGS) |
| Repository: | Análise Econômica (Online) |
| Language: | Portuguese |
| OAI Identifier: | oai:seer.ufrgs.br:article/22854 |
| Online Access: | https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/22854 |
| Access Level: | Open access |
| Keyword: | Economic growth Exports Foreign Direct Investment F14 F21 Crescimento econômico Exportações Investimento Direto Estrangeiro |
| Summary: | This paper examines the causal relationship among economic growth (GDP), exports and foreign direct investment (FDI) in Brazil during the years of 1947 to 2010. The empirical study is based on a VAR, in which was applied the Toda e Yamamoto test. The results show an one-way relation between GPD and exports, as well as between exports and FDI, indicating that exports can be considered a "mechanism of effect" between economic growth and foreign direct investment. These results indicate the relevance of infrastructure investments, among others, as national development promoters. |
|---|