dc.contributorOliveira, Antonio Carlos Manfredini da Cunha
dc.contributorEscolas::EAESP
dc.contributorMarçal, Emerson Fernandes
dc.contributorSilva, Marcelo Leite de Moura e
dc.creatorAmbrosini, Mattia
dc.date.accessioned2013-02-14T12:08:26Z
dc.date.available2013-02-14T12:08:26Z
dc.date.created2013-02-14T12:08:26Z
dc.date.issued2012-12-20
dc.identifierAMBROSINI, Mattia. The impact of OFDI on economic growth countries: an econometric approach using panel data and time-series evidence. Dissertação (Mestrado Profissional em Gestão Internacional) - FGV - Fundação Getúlio Vargas, São Paulo, 2012.
dc.identifierhttp://hdl.handle.net/10438/10483
dc.description.abstractThe thesis at hand adds to the existing literature by investigating the relationship between economic growth and outward foreign direct investments (OFDI) on a set of 16 emerging countries. Two different econometric techniques are employed: a panel data regression analysis and a time-series causality analysis. Results from the regression analysis indicate a positive and significant correlation between OFDI and economic growth. Additionally, the coefficient for the OFDI variable is robust in the sense specified by the Extreme Bound Analysis (EBA). On the other hand, the findings of the causality analysis are particularly heterogeneous. The vector autoregression (VAR) and the vector error correction model (VECM) approaches identify unidirectional Granger causality running either from OFDI to GDP or from GDP to OFDI in six countries. In four economies causality among the two variables is bidirectional, whereas in five countries no causality relationship between OFDI and GDP seems to be present.
dc.languageeng
dc.subjectOFDI
dc.subjectPanel data
dc.subjectTime-series causality analysis
dc.subjectEmerging countries
dc.subjectEconomic growth
dc.titleThe impact of OFDI on economic growth countries: an econometric approach using panel data and time-series evidence
dc.typeDissertation


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