Determinants of FDI inflows: Aggregate versus country-specific evidence from ASEAN-6
نویسندگان
چکیده
This paper seeks to explore the determinants of foreign direct investment (FDI) inflows into six countries Association Southeast Asian Nations (ASEAN), namely Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, from 1995 2019. Estimations for aggregate model are conducted with Driscoll–Kraay standard errors panel regression approach, while country-specific analyses based on fully modified ordinary least squares (FMOLS) approach. At level, gross domestic product (GDP) growth, trade openness, unemployment, working-age population interest rate spread main drivers FDI ASEAN-6, per capita GDP, real global financial crisis have no significant impact. The empirical analysis specific-country cases yields mixed results, implying that international corporations may various criteria evaluate before making decisions depending development stage host country. Our research findings offer several implications policymakers attract quality FDI: (i) fostering liberalization through taking down barriers tariffs across nations; (ii) enhancing capacity labor force management policy renovations; (iii) stabilizing rates monetary ensure macroeconomic stability.
منابع مشابه
The Effects of Fdi Inflows on Host Country Economic Growth
The paper starts by discussing and modelling the potential of FDI to affect host country economic growth. The paper argues that out of two primary channels for FDI effects on economic growth, inflows of physical capital and technology spillovers respectively, it is technology spillovers that have the strongest potential to enhance economic growth in the host country. Using panel data analysis t...
متن کاملInterdependence of FDI between India and ASEAN- 5: Evidence from Causality Approach
The paper explores the interdependence of FDI between India and ASEAN-5 countries namely, namely Indonesia, Malaysia, Philippines, Singapore and Thailand, at the individual and group level. The empirical analysis is based on time series cointegration and causality test over the period 1970-2008. The findings suggest the presence of interdependence of FDI between India and ASEAN-5 countries. The...
متن کاملTechnology Spillovers of FDI in ASEAN Sourcing from Local and Abroad
The effect of technology spillovers is widely considered as one of the main channels through which domestic firms benefit from FDI, and plays an important role in economic development of host countries. Based on the analysis framework for technology spillovers established by Borensztein et al. (1998), this paper will analyse and try to figure out the development patterns of ASEAN by utilizing ...
متن کاملCountry-specific Determinants of Intra Industry Trade Types of Agricultural Sector in Selected Developing Countries
متن کامل
Effect of Macroeconomic Variables on the FDI inflows: The Moderating Role of Political Stability: An Evidence from Pakistan
This study has examined the moderating role of Political Stability (PS) on the relationships between macroeconomic variables and the Foreign Direct Investment (FDI) inflows in Pakistan. For that purpose, this study used the authentic annual data for the period 1991 to 2011. The empirical analysis involved using the ADF test to check the stationary of the data, the EViews software and hierarchal...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The economics and finance letters
سال: 2023
ISSN: ['2312-430X', '2312-6310']
DOI: https://doi.org/10.18488/29.v10i1.3319