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Reverse FDI in Europe: An Analysis of Angola's FDI in Portugal

2014; Wiley; Volume: 26; Issue: 1 Linguagem: Inglês

10.1111/1467-8268.12072

1467-8268

Carlos Pestana Barros, Bruno Damásio, Jo�ão Ricardo Faria,

Global Financial Crisis and Policies

African Development ReviewVolume 26, Issue 1 p. 160-171 Article Reverse FDI in Europe: An Analysis of Angola's FDI in Portugal† Carlos Pestana Barros, Carlos Pestana BarrosSearch for more papers by this authorBruno Damásio, Bruno DamásioSearch for more papers by this authorJoão Ricardo Faria, João Ricardo FariaCarlos Pestana Barros, ISEG School of Economics and Management, UECE, Technical University of Lisbon, Portugal; e-mail: [email protected]. Bruno Damásio, ISEG-School of Economics and Management, and CEMAPRE, Technical University of Lisbon, Portugal; e-mail: [email protected]. João Ricardo Faria, MPA Program, University of Texas at El Paso, USA; e-mail: [email protected]Search for more papers by this author Carlos Pestana Barros, Carlos Pestana BarrosSearch for more papers by this authorBruno Damásio, Bruno DamásioSearch for more papers by this authorJoão Ricardo Faria, João Ricardo FariaCarlos Pestana Barros, ISEG School of Economics and Management, UECE, Technical University of Lisbon, Portugal; e-mail: [email protected]. Bruno Damásio, ISEG-School of Economics and Management, and CEMAPRE, Technical University of Lisbon, Portugal; e-mail: [email protected]. João Ricardo Faria, MPA Program, University of Texas at El Paso, USA; e-mail: [email protected]Search for more papers by this author First published: 14 April 2014 https://doi.org/10.1111/1467-8268.12072Citations: 5 †The authors acknowledge financial support from national funds by FCT (Fundação para a Ciência e a Tecnologia). This article is part of the Strategic Project: PEst-OE/EGE/UI0436/2014. Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Abstract This paper analyses foreign direct investment (FDI) of Angola in Portugal. The reverse investment of African countries in Europe is a recent economic event that needs to be analysed, theoretically explained and empirically tested. A dynamic theoretical model is presented and a Bayesian model tests the model validating it. The results reveal that imports and corruption increase Angola FDI in Portugal. Some variables affect negatively Angola FDI in Portugal such as lagged Angola FDI, signifying an autoregressive negative effect in Portugal; the Portuguese official development assistance (ODA) to Angola, which are direct transfers from Portugal to Angola; and Angola's GDP. Policy implications are discussed. Citing Literature Volume26, Issue1March 2014Pages 160-171 RelatedInformation