Investimento estrangeiro direto: Greenfield, por fusões e aquisições, volatilidade e seus efeitos no crescimento econômico brasileiro

Ribeiro, Marcos J; Nakabashi, Luciano

doi:10.5935/0034-7140.20220010

Cited by 1 publication

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“…Usually, FDI is established in the host country through mergers and acquisitions of companies (M&As) or greenfield investment (Ribeiro and Nakabashi, 2020). M&As 4 investments intend to transfer properties.…”

Section: Fdi Typesmentioning

confidence: 99%

Foreign Direct Investments: impact of party affiliation on the Brazilian subnational allocation of investments

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Is party affiliation an important aspect of the subnational allocation of Foreign Direct Investments (FDI) in Brazil? If important, would a governor from a more pro-business party affiliation attract more investments than a pro-labor one? Based on the availability of data from the Electronic Declaratory Registration -Foreign Direct Investment (EDR -FDI) and Quinquennial Census of Foreign Capital, both by the Brazilian Central Bank (BACEN), I examined FDI patterns from 2011 to 2016. More specifically, the research developed: a quantitative analysis of political and economic determinants for the subnational attraction of FDI; and a qualitative investigation of one state, Minas Gerais (MG), for a closer evaluation. Based on the results of the Arellano-Bond (1991) models, market size, service sector agglomeration, states' trade dimension, and partisan affiliation, especially if the governor is from PSDB (pro-business), are relevant factors for FDI subnational allocation. In turn, the results suggested that a higher cost of bureaucracy and alignment with the president's political party decrease FDI. The MG in-depth case refined the importance of pro-business party affiliation by characterizing the two administrations of PSDB (pro-business) and one administration of PT (pro-labor). Interviewees analyzed the role of different party affiliations in the state government, and a pro-business party impacted how the governor treated foreign investors. The party affiliation aspect was fundamental for consultants, civil servants, and lobbyists in FDI subnational allocation.

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Section: Fdi Typesmentioning

confidence: 99%

Foreign Direct Investments: impact of party affiliation on the Brazilian subnational allocation of investments

Coury

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show abstract

Investimento estrangeiro direto: Greenfield, por fusões e aquisições, volatilidade e seus efeitos no crescimento econômico brasileiro

Abstract: O presente artigo foi realizado com apoio da Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES) -Código de Financiamento 001. Agradecemos a Elaine Aparecida Fernandes, Fernanda Aparecida Silva e ao parecerista pelos comentários e sugestões.

Cited by 1 publication

References 13 publications

Foreign Direct Investments: impact of party affiliation on the Brazilian subnational allocation of investments

Foreign Direct Investments: impact of party affiliation on the Brazilian subnational allocation of investments

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