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Portuguese Foreign Direct Investments Inflows: An Empirical Investigation

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  • Nuno Carlos Leitão
  • Horácio Faustino

Abstract

This paper examines the link between Portugal’s foreign direct investment (FDI) inflows from European Union (EU-15) countries using panel data and country specific variables for the period 1996-2006. This study applies a static and dynamic panel data approach (Fixed effects and GMM system estimators) to estimate the regression equations. Portugal’s FDI inflows from EU are found to have significant associations with size market, macroeconomic stability, and geographical distance. The inflation seems to have a positive effect on attracting FDI inflows. This result was not expected.

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Bibliographic Info

Paper provided by ISEG - School of Economics and Management, Department of Economics, University of Lisbon in its series Working Papers Department of Economics with number 2008/54.

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Date of creation: Nov 2008
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Handle: RePEc:ise:isegwp:wp542008

Contact details of provider:
Postal: Department of Economics, ISEG - School of Economics and Management, University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
Web page: https://aquila1.iseg.ulisboa.pt/aquila/departamentos/EC

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Keywords: FDI; Fixed Effects; GMM-SYS; Portugal.;

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