Possible Effects of Economic Public Policies Implemented in Brazil after the Financial Crisis of 2008 on Foreign Direct Investment

Abstract

The objective of this article is to evaluate the effects of public economic policies, implemented in response to the economic crisis of 2008, on the flows of foreign direct investment in Brazil. It demonstrates, through the political sociology of public action, that the crisis generated a change in the references of Brazilian economic policies: from the policies of the so-called "macroeconomic tripod" to policies of the new economic matrix. The implementation of this change is expressed in multiple government actions, including the use of the National Bank for Economic and Social Development, to stimulate the internationalization of Brazilian companies. It seeks to identify the possible effects of public action through data on the evolution of direct foreign investment and the use of the Grubel-Lloyd index.

Impact Factor of Capital Using the Sensitivity Method

“…method, but from a different point of view (Aakre & Rübbelke, 2010;Baker et al, 2020;Blundell & Preston, 2019;Bowling et al, 2019;Brownell & Frieden, 2009;J. N. B. Campos, 2015;Carattini et al, 2018;Díaz et al, 2020;Fan et al, 2020;Fronzaglia et al, 2019;Gocekli & Comertler, 2021;Grabs et al, 2020;Hai, 2016;Liu et al, 2018;Maestre-Andrés et al, 2019;Marques, 2019;OECD, 2017OECD, , 2020Persson & Tinghög, 2020;Silva et al, 2020;TUTER, 2020;Wright et al, 2017)." Then, it is plausible to quantify quality data.…”

Synopsis of Principles for the Authorities and Controlled Transactions

“…Then, the determination of the cost sharing depends on the periodic check of companies that are tested parties. The scope of the companies of controlled transactions is to face the issues that are connected with the taxation of their activities (Arbel et al, 2019;Azzone, 2018;Blundell & Preston, 2019;Bowling et al, 2019;Challoumis, 2018c;Dancygier & Laitin, 2014;Davidson, 2020;Dollery & Worthington, 1996;Fronzaglia et al, 2019;Grabs et al, 2020;Jensen, 2020;Jeon et al, 2020;Laplane & Mazzucato, 2020;Mancuso & Moreira, 2013;Nielsen et al, 2019;Oueslati, 2015;Scholvin & Malamud, 2020). Then, the requirements for the companies of controlled transactions with the tax authorities should be in the range of the arm's length principle (Challoumis, 2018a(Challoumis, , 2018c(Challoumis, , 2019d(Challoumis, , 2019b(Challoumis, , 2021j, 2023r, 2023j, 2023ad, 2023t, 2023aa, 2023a(Challoumis, , 2024b.…”