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Política industrial e internacionalização: um estudo dos efeitos da intervenção estatal na internacionalização brasileira

Author

Listed:
  • Nádia Campos Pereira Bruhn

    (Universidade Federal de Pelotas)

  • Lucas dos Santos Faria

    (Universidade Federal de Goiás (UFG))

  • Marco Túlio Dinali Viglioni

    (Universidade Federal de Lavras (UFLA))

Abstract

Industrial policies are crucial intervention mechanisms to stimulate the devel-opment of a local economy and to accelerate the process of globalization of a country. However, little is known about the effects of industrial policies on the internationalization process in developing economies, such as Brazil. This re-search aims to analyze the effects of state intervention through industrial policies on the internationalization of Brazilian companies in the period between 1982 and 2014. Considering integrated autoregressive moving average estimators (Arima), the results allowed us to identify that only the Industrial, Technology and Foreign Trade Policy (Política Industrial, Tecnológica e de Comércio Exterior [Pitce]) con-tributed positively to stimulate the outflow of foreign direct investment (FDI). However, the Productive Development Policy (PDP) had a negative impact on FDI outflows. The results demonstrate the need for an alignment between indus-trial policies and the stimulation of a country’s internationalization process.

Suggested Citation

  • Nádia Campos Pereira Bruhn & Lucas dos Santos Faria & Marco Túlio Dinali Viglioni, 2022. "Política industrial e internacionalização: um estudo dos efeitos da intervenção estatal na internacionalização brasileira," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 19(1), pages 296-320, january-j.
  • Handle: RePEc:aft:journl:v:19:1:2022:jan:jun:p:296-320
    DOI: 10.5935/1808-2785/rem.v19n1p.296-320
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    More about this item

    Keywords

    industrial policy; exports; foreign direct investment; Arima; inter-vention analysis.;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F10 - International Economics - - Trade - - - General
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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