Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/857
Título: Outward FDI effects on the Portuguese Trade Balance, 1996-2007
Autor: Fonseca, Miguel
Mendonça, António
Passos, José
Palavras-chave: Foreign Direct Investment
Trade
Gravity Model
Portugal
Data: 2009
Editora: ISEG - Departamento de Economia
Citação: Fonseca, Miguel, António Mendonça e José Passos . 2009. "Outward FDI effects on the Portuguese Trade Balance, 1996-2007". Instituto Superior de Economia e Gestão - DE Working papers nº 11-2009
Relatório da Série N.º: Working papers;nº 11/2009/DE
Resumo: 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.
URI: http://hdl.handle.net/10400.5/857
ISSN: 0874-4548
Aparece nas colecções:DE - Documentos de trabalho / Working Papers

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