Dependent variable |
FDI |
Investment that involves a long-term relationship and that reflects a lasting interest and control by a domestic entity in an economy (foreign direct investor or the parent company). |
FMI, 2013IMF. International Monetary Fund. Outward foreign direct investment and domestic investment: The case of developing countries. International Monetary Fund Working Paper, 2013.
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Independent variables |
Cultural distance |
Differences between religious beliefs, races, social norms and languages. |
Ghemawat, 2014GHEMAWAT, P. CAGE comparator™ - Analyze distances and differences between countries. Disponível em: <http://www.ghemawat.com/cage/,2014>. Acesso em 02 fev. 2014. http://www.ghemawat.com/cage/,2014...
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Administrative distance |
Differences in several factors, including lack of colonial ties, lack of political and monetary association, political hostility, governmental policy, and institutional weakness. |
Ghemawat, 2014GHEMAWAT, P. CAGE comparator™ - Analyze distances and differences between countries. Disponível em: <http://www.ghemawat.com/cage/,2014>. Acesso em 02 fev. 2014. http://www.ghemawat.com/cage/,2014...
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Geographic distance |
Differences in several factors, including physical distance, lack of common borders, lack of access to rivers and seas, weaknesses in transport and communication and climate. |
Ghemawat, 2014GHEMAWAT, P. CAGE comparator™ - Analyze distances and differences between countries. Disponível em: <http://www.ghemawat.com/cage/,2014>. Acesso em 02 fev. 2014. http://www.ghemawat.com/cage/,2014...
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Economic distance |
Differences in consumer income, cost and quality of infrastructure and natural, financial and human resources. |
Ghemawat, 2014GHEMAWAT, P. CAGE comparator™ - Analyze distances and differences between countries. Disponível em: <http://www.ghemawat.com/cage/,2014>. Acesso em 02 fev. 2014. http://www.ghemawat.com/cage/,2014...
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Search for markets |
Size of the market of the recipient country (GDP per capita). |
WDI, 2013WORLD BANK. WDI - World Development indicators. Disponível em: <http://http://data.worldbank.org/data-catalog/world-development-indicators>. Acesso em: 27 nov. 2013. http://http://data.worldbank.org/data-ca...
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Search for strategic resources |
Availability of resources related to knowledge (patents). |
WIPO, 2013WIPO. World Intellectual Property Organization. Statistics on worldwide patent activity. Disponível em: <http://www.wipo.int/ipstats/en/statistics/patents/wipo_pub_931.html#a13>. Acesso em: 31 jan. 2013. http://www.wipo.int/ipstats/en/statistic...
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Control variables |
International trade |
The sum of exports and imports of goods and services measured as a percentage of gross domestic product. |
WDI, 2013WORLD BANK. WDI - World Development indicators. Disponível em: <http://http://data.worldbank.org/data-catalog/world-development-indicators>. Acesso em: 27 nov. 2013. http://http://data.worldbank.org/data-ca...
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Inflation |
Inflation measured by the consumer price index reflects the annual percentage change in the average cost to the consumer of the purchase of a basket of goods and services that can be corrected or changed at specific intervals, for example, yearly. |
WDI, 2013WORLD BANK. WDI - World Development indicators. Disponível em: <http://http://data.worldbank.org/data-catalog/world-development-indicators>. Acesso em: 27 nov. 2013. http://http://data.worldbank.org/data-ca...
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Exchange rate |
Monetary value of the currency of one country over another. |
IMF, 2017IMF. International Monetary Fund. IMF Exchange rates. Disponível em: <https://www.imf.org/external/np/fin/ert/GUI/Pages/CountryDataBase.aspx. Acesso em: 02 ago. 2017. https://www.imf.org/external/np/fin/ert/...
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