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Determinantes dos Investimentos Diretos Externos em Países em Desenvolvimento

Author

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  • Marcelo José Braga Nonnenberg
  • Mário Jorge Cardoso de Mendonça

Abstract

Basicamente, os determinantes dos investimentos diretos externos (IDE) podem serrelativos às firmas e a características dos países de origem ? push factors ? ou afatores locacionais ? pull factors. A maior parte da literatura teórica relativa aempresas multinacionais nos últimos 40 anos, justamente por concentrar sua atençãonas empresas, enfatizou os fatores relacionados a vantagens das firmas, dando poucaimportância aos fatores macroeconômicos. O objetivo deste trabalho é estimar, combase em dados de painel para 33 países no período 1975-2000, os principaisdeterminantes dos IDEs em direção aos países em desenvolvimento. Fatores comotamanho e ritmo de crescimento do produto, qualificação da mão-de-obra, receptividadeem relação ao capital externo, risco do país e desempenho das bolsas devalores estão entre os principais determinantes de IDE. Além disso, por meio daaplicação de um teste de causalidade no contexto de dados em painel, foi possívelmostrar que o investimento direto externo não tem efeito positivo sobre o PIB. Aocontrário, o PIB do país é que tem efeito sobre a entrada de IDE.

Suggested Citation

  • Marcelo José Braga Nonnenberg & Mário Jorge Cardoso de Mendonça, 2004. "Determinantes dos Investimentos Diretos Externos em Países em Desenvolvimento," Discussion Papers 1016, Instituto de Pesquisa Econômica Aplicada - IPEA.
    • Handle: RePEc:ipe:ipetds:1016
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