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Tytuł artykułu

Analyzing sectorial level determinants of inward foreign direct investment (FDI) in ASEAN

Treść / Zawartość
Identyfikatory
Warianty tytułu
PL
Analiza określenia poziomu sektora bezpośredniej inwestycji zagranicznej (BIZ) w ASEAN
Języki publikacji
EN
Abstrakty
EN
The paper studies economic determinants of sectorial level (Extractive sector, manufacturing and assembly sector, infrastructure sector and service sector) foreign direct investment (FDI) to six ASEAN countries (Malaysia, Indonesia, Singapore, Thailand, Vietnam and Philippine). The study covers over a period of sixteen years, from 2001 to 2016, by employing static panel data model. This study includes inflation, gross domestic product growth, government expenditure on education, electric power consumption, exchange rate, trade openness and lending interest rate as economic variables. These factors are based on their relative importance from previous empirical literature. Overall findings reveal that there is a mix result in terms of key determinants of sectorial level inward FDI which proves that FDI is not a single phenomenon and that each sector must be treated on its own terms to attract FDI into the country.
PL
W artykule przedstawiono uwarunkowania gospodarcze na poziomie sektorowym (sektor wydobywczy, sektor produkcji i montażu, sektor infrastruktury i sektor usług) bezpośrednich inwestycji zagranicznych (BIZ) dla sześciu krajów ASEAN (Malezja, Indonezja, Singapur, Tajlandia, Wietnam i Filipiny). Badanie obejmuje okres szesnastu lat, od 2001 do 2016 r., poprzez zastosowanie statycznego modelu danych panelowych. Badanie to obejmuje inflację, wzrost produktu krajowego brutto, wydatki rządowe na edukację, zużycie energii elektrycznej, kurs walutowy, otwartość handlową i oprocentowanie kredytu jako zmienne ekonomiczne. Czynniki te opierają się na ich względnej wadze z poprzedniej literatury empirycznej. Ogólne wyniki wskazują, że istnieje mieszany wynik pod względem kluczowych czynników wpływających na napływ BIZ na poziomie sektorowym, co dowodzi, że bezpośrednie inwestycje zagraniczne nie są pojedynczym zjawiskiem i że każdy sektor musi być traktowany na własnych warunkach w celu przyciągnięcia bezpośrednich inwestycji zagranicznych do tego kraju.
Rocznik
Strony
7--17
Opis fizyczny
Bibliogr. 35 poz., tab.
Twórcy
  • Universiti Kuala Lumpur Business School
autor
  • Universiti Kuala Lumpur Business School
autor
  • Universiti Kuala Lumpur Business School
autor
  • Universiti Kuala Lumpur Business School
  • Universiti Kuala Lumpur Business School
Bibliografia
  • 1. Al Shubiri F.N., 2006, Determinants of foreign direct investment: evidence of sultanate of oman, “Polish Journal of Management Studies”, 13(2).
  • 2. Asiedu E., 2006, Foreign direct investment in Africa: the role of natural resources, market size, government policy, institutions and political stability, “The World Economy”, 29(1).
  • 3. Baltagi B.H., Kao Ch., 2001, Nonstationary panels, cointegration in panels and dynamic panels: A survey, [In:] Badi H. Baltagi, Thomas B. Fomby, R. Carter Hill (ed.), Nonstationary Panels, Panel Cointegration, and Dynamic Panels (“Advances in Econometrics”, 15) Emerald Group Publishing Limited.
  • 4. Brahmasrene T., Jiranyakul K., 2001, Foreign direct investment in Thailand, What factors matter?, “Proceedings of the Academy for International Business”, 1(2).
  • 5. Buigues P., Jacquemin A., 1994, Foreign Direct Investment and Exports to the European Community, [In:] M. Mason and D. Encarnation (eds.), Does Ownership Matter: Japanese Multinationals in Europe, Oxford and New York: Oxford University Press.
  • 6. Chakrabarti A., 2001, The Determinant of Foreign Direct Investment: Sensitivity Analyses of Cross-Country Regressions, Kyklos, 54.
  • 7. Choong C.K., Lim K., Pavil H., 2007, Foreign direct investment in Malaysia: an economic analysis, “ICFAI Journal of Applied Economics”, 6(1).
  • 8. Chung W., Alcácer J., 2002, Knowledge seeking and location choice of foreign direct investment in the United States, “Management Science”, 48(1).
  • 9. Dunning J.H., 1980, Towards an Eclectic Theory of International Production: Some Empirical Tests, “Journal of International Business Studies”, 11(1).
  • 10. Gharaibeh A.M.O., 2015, The Determinants of Foreign Direct Investment-Empirical Evidence from Bahrain, “International Journal of Business and Social Science”, 6(8).
  • 11. Ghosh I., 2007, The relation between trade and FDI in developing countries, A panel data approach, “Global Economy Journal”, 7(3).
  • 12. Greene W.H., 2003, LIMDEP Version 8, Econometric Modeling Guide, 1.
  • 13. Gujarati D.N., 2003, Basic Econometrics. 4th.
  • 14. Hausman J.A., 1978, Specification tests in econometrics, “Econometrica: Journal of the econometric society”, 46(6).
  • 15. Hong K.H., Ronne S.H., 2012, An analysis of the determinants of inward direct investment in Brazil, “Proceedings of ASBBS”, 19(1).
  • 16. Hsieh W.J., Poter A., Lim K., 2005, The determinants of foreign direct investment in Southeast Asian Transition Countries, Paper presented at National Cheng Kung University.
  • 17. Hymer S., 1960, The international operations of Nation firms: A study of foreign direct investment, Cambridge MLT Press.
  • 18. Ismail R., Yussof I., 2003, Labour market competitiveness and foreign direct investment: The case of Malaysia, Thailand and the Philippines, “Papers in Regional Science”, 82(3).
  • 19. Kamaly A., 2007, Trends and determinants of mergers and acquisitions in developing countries in the 1990s, “International Research Journal of Finance and Economics”, 1(8).
  • 20. Kandiero T., Chitiga M., 2006, Trade openness and foreign direct investment in Africa, “South African Journal of Economic and Management Sciences”, 9(3).
  • 21. Karim N.A., Winters P.C., Coelli T.J., Fleming E., 2003, Foreign Direct Investment in manufacturing sector in Malaysia, Annual Conference of the Australian Agricultural and Resource Economics Society (AARES).
  • 22. Khair U.Z., Hashim S., Awan Z., 2006, Economic determinants of foreign direct investment in Pakistan, “Gomal University Journal of Research”, 22.
  • 23. Khalid S., Varoudakis V.M., 2007, Openness, Investment Climate, and FDI in Developing Countries, “Review of Development Economics”, 11(4).
  • 24. Kreinin M.E., Abe, Plummer M.G., 1999, Motives for Japanese DFI: Survey, analysis and implications in light of the Asian crisis, “Journal of Asian Economics”, 10.
  • 25. Moran H.T., 2011, Foreign Direct Investment and Development. Launching a Second Generation of Policy Research, Washington D.C., Peterson Institute for International Economics.
  • 26. Nakamura S., Oyama T., 1998, The Determinants of Foreign Direct Investment from Japan and the United States to East Asian Countries, and the Linkage between FDI and Trade. Bank of Japan Working Paper.
  • 27. Nhu B.N., Haughton, 2002, Trade liberalisation and foreign direct investment in Vietnam, ASEAN Economic Bulletin, 19(3).
  • 28. Onyeiwu S., Shrestha H., 2004, Determinants of foreign direct investment in Africa, “Journal of Developing Societies”, 20.
  • 29. Osili U.O., 2004, U.S. foreign direct investment in Africa and its determinants, UNECA Workshop of Financial Systems and Mobilization in Africa.
  • 30. Schmaljohann M., 2013, Enhancing Foreign Direct Investment via Transparency? Evaluating the Effects of EITI on FDI, Heidelberg University, Discussion Paper Series, 538.
  • 31. Tsaurai K., 2015, Trade openness and FDI in Zimbabwe: what does data tell us? Corporate Ownership & Control, 12(4).
  • 32. Vijayakumar N., 2010, Determinants of FDI in BRICS Countries: A panel analysis, “Int. Journal of Business Science and Applied Management”, 5(3).
  • 33. Vernon R., 1966, International Investment And International Trade In The Product Cycle, “Quarterly Journal Of Economics”, 80(2).
  • 34. Zeb N., Qiang F., Shabbir M., 2014, Telecommunication Infrastructure and Foreign Direct Investment in Pakistan: An Empirical Study, “Journal of Management and Global Business Research: B Economics and Trade”, 14(4).
  • 35. Zenegnaw A.H., 2010, Impact of Foreign Direct Investment on Trade of African Countries, “International Journal of Economics and Finance”, 2(3).
Uwagi
Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2018).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-b78e5e11-1902-41ba-8329-a429ad7687f8
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