Flowing Together or Flowing Apart: An Analysis of the Relation between FDI and ODA Flows to Argentina and Brazil
Martha Carro Fernández and
Jose Larru
MPRA Paper from University Library of Munich, Germany
Abstract:
The analysis of the relationship between ODA and capital flows is scarce and has provided cross-country ambiguous results. The purpose of our study is to explore the relation between FDI and ODA for Argentina and Brazil. We have divided the analysis into the macro and the micro approach. From the macro perspective, we analyze the volatility and cyclical aspects of both flows. We also study if they buffer GDP’s shocks. We find that aid is more stable than FDI… At micro level, we look for structural relations by analyzing sectorial destination of both flows. We find that the main foreign direct investors are also the main donors but no systematic relation emerge between FDI and ODA flows, except for the Japanese case in Brazil.
Keywords: Foreign Direct Investment; Official Development Assistance; International Capital Flows; Emerging Economies Financing (search for similar items in EconPapers)
JEL-codes: F21 F35 (search for similar items in EconPapers)
Date: 2010-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/25064/1/MPRA_paper_25064.pdf original version (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:25064
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().