IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Outward FDI Effects on the Portuguese Trade Balance, 1996-2007

  • Miguel Fonseca

    ()

    (Faculdade de Economia da Universidade do Porto)

  • António Mendonça

    ()

    (Instituto Superior de Economia e Gestão / Universidade Técnica de Lisboa)

  • José Passos

    ()

    (Instituto Superior de Economia e Gestão / Universidade Técnica de Lisboa)

Registered author(s):

    Given the increased internationalisation of the Portuguese economy through outward Foreign Direct Investment (FDI), particularly on the Portuguese-speaking countries, our main objective is to discuss the empirical relationship between this outward FDI and trade. We use panel data analysis within a framework of gravity equations for exports and imports, with a sample composed by EU-15, U.S.A., Brazil, Angola, Japan and China, for the period 1996-2007. Our main conclusion is that the empirical evidence for Portugal is consistent with a substitution hypothesis between direct investment abroad and trade, and consequently we detect a negative trade balance effect with the majority of countries in our sample, excepting Angola and, in a lesser extension, Spain.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.gee.min-economia.pt/RePEc/WorkingPapers/mf20.pdf
    File Function: First version, 2009
    Download Restriction: no

    Paper provided by Gabinete de Estratégia e Estudos, Ministério da Economia e da Inovação in its series GEE Papers with number 0020.

    as
    in new window

    Length: 31 pages
    Date of creation: Sep 2009
    Date of revision: Sep 2009
    Handle: RePEc:mde:wpaper:0020
    Contact details of provider: Postal: Avenida da República no 79, 1050-243 Lisboa
    Phone: 21 799 81 50
    Fax: 21 799 81 54
    Web page: http://gee.min-economia.pt
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:mde:wpaper:0020. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ricardo Pinheiro Alves)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.