Working Paper 98/2011: Reverse FDI in Europe: an analysis of Angola’s FDI in Portugal
Title: Working Paper 98/2011: Reverse FDI in Europe: an analysis of Angola's FDI in Portugal
Author(s): Barros, Carlos; Pestana Damásio, Bruno; Faria, João Ricardo
Publication Date: 2011
Publisher: ISEG - CEsA
Quotation: Barros, Carlos Pestana. Bruno Damásio e João Ricardo Faria. 2011. “Reverse FDI in Europe: an analysis of Angola's FDI in Portugal”. Instituto Superior de Economia e Gestão. CEsA – Documentos de Trabalho nº 98/2011.
Abstract: This paper analyses investment from Angola in Portugal. An open economy model with money laundering is proposed and then tested with a time series Bayesian regression. The result reveals that exports and corruption are the positive determinants of Angola FDI in Portugal. Policy implications are derived.
Identifier: http://hdl.handle.net/10400.5/24284
Category: Working paper
Abstract:
The literature on Foreign Direct Investment (FDI) is large and wide and has examined a number of diverse issues. Among them, to list a few, is the domestic capital stock, the economic growth, the employment protection, the exports, the knowledge capital, the location choice, multinational characteristics, productivity spillovers, the total factor productivity, and technology transfer. This text contributes to the literature by examining Angola’s FDI in Portugal. This is a new topic in the literature, since most studies focus on FDI flows from developed ountries to poor countries, either adopting a micro approach with company data or adopting a macro approach with national data. However, the analysis of FDI from former colonial African countries in the former colonial European ruler has not attracted attention so far. An open economy model with money laundering is proposed and then tested with a time series Bayesian regression. The result reveals that exports and corruption are the positive determinants of Angola FDI in Portugal. Policy implications are derived.
Quotation:
Barros, Carlos Pestana. Bruno Damásio e João Ricardo Faria. 2011. “Reverse FDI in Europe: an analysis of Angola’s FDI in Portugal”. Instituto Superior de Economia e Gestão. CEsA – Documentos de Trabalho nº 98/2011.
