The impact of macroeconomic and control of corruption on foreign direct investment inflows

• Autorzy: Nguyen My-Linh Thi , Doan Thu-Trang Thi , Bui Toan Ngoc

Identyfikatory

DOI

10.17512/pjms.2021.24.1.14

Warianty tytułu

PL

Wpływ makroekonomiki i kontroli korupcji na bezpośrednie napływy inwestycji zagranicznych

• Języki publikacji: EN

Abstrakty

EN

The study aims to analyze the impact of macroeconomic and control of corruption on Foreign Direct Investment (FDI) inflows in member countries of the Association of Southeast Asian Nations (ASEAN). Admittedly, a healthy macroeconomic will be a firm foundation to attract FDI inflows. This effect has been reported in lots of empirical studies in different economies. However, there exists a big gap in the current literature due to the lack of empirical studies examining the impact of control of corruption on FDI inflows. In other words, by considering control of corruption as a determinant, the study is expected to bring more unprecedented findings than previous studies, being one of its novelties. The data were collected in six ASEAN economies, including Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, from 2002 to 2019. By using the Generalized Method of Moment (GMM), the study found the significant impact of the macroeconomic and control of corruption on FDI inflows in ASEAN economies. Specifically, FDI inflows are positively affected by GDP growth and trade openness. In addition, control of corruption has a positive effect on FDI inflows. These prove that a healthy macroeconomic and efficient control of corruption are essential to attract FDI inflows, which is another novelty of this study. These findings are important empirical evidence to researchers as well as the ASEAN economies.

PL

Celem badania jest analiza wpływu makroekonomicznego i kontroli korupcji na napływ bezpośrednich inwestycji zagranicznych (BIZ) w krajach członkowskich Stowarzyszenia Narodów Azji Południowo-Wschodniej (ASEAN). Trzeba przyznać, że zdrowa makroekonomiczna będzie solidnym fundamentem do przyciągania napływu BIZ. Efekt ten został odnotowany w wielu badaniach empirycznych w różnych gospodarkach. W aktualnej literaturze istnieje jednak duża luka ze względu na brak badań empirycznych badających wpływ kontroli korupcji na napływ BIZ. Innymi słowy, biorąc pod uwagę kontrolę korupcji jako determinantę, oczekuje się, że badanie przyniesie więcej bezprecedensowych wyników niż poprzednie badania, będąc jedną z jego nowości. Dane zostały zebrane w sześciu gospodarkach ASEAN, w tym w Indonezji, Malezji, Filipinach, Singapurze, Tajlandii i Wietnamie, w latach 2002-2019. Wykorzystując uogólnioną metodę momentu (GMM), badanie wykazało znaczący wpływ makroekonomiczny i kontroli korupcja na napływie BIZ w gospodarkach krajów ASEAN. W szczególności na napływ BIZ pozytywnie wpływa wzrost PKB i otwartość handlu. Ponadto kontrola korupcji ma pozytywny wpływ na napływ BIZ. Świadczą one o tym, że zdrowa makroekonomiczna i skuteczna kontrola korupcji jest niezbędna do przyciągania napływu BIZ, co jest kolejną nowością tego badania. Odkrycia te są ważnymi dowodami empirycznymi dla naukowców, a także dla gospodarek krajów ASEAN.

Słowa kluczowe

EN

ASEAN economies; international trade; macro approach

PL

gospodarki ASEAN; handel międzynarodowy; podejście makro

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2021
• Tom: Vol. 24, No. 1
• Strony: 236--249
• Opis fizyczny: Bibliogr. 35 poz., tab.

Twórcy

autor

Nguyen My-Linh Thi

• Faculty of Finance and Banking, University of Finance - Marketing (UFM), Ho Chi Minh City, Vietnam

autor

Doan Thu-Trang Thi

• Faculty of Finance and Banking, Industrial University of Ho Chi Minh City (IUH), Ho Chi Minh City, Vietnam

autor

Bui Toan Ngoc

• Faculty of Finance and Banking, Industrial University of Ho Chi Minh City (IUH), Ho Chi Minh City, Vietnam

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