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The Contribution of Emerging Countries’ Outward Foreign Direct Investment to Home Countries’ Economic Growth

BEE WAH TAN|CHOR FOON TANG|TECK KHUN LOO
경제연구소 (Hanyang Economic Research Institute)|2024.03|Journal of Economic Development|제49권 제1호|pp. 63-71|DOI 10.35866/caujed.2024.49.1.004

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참고문헌

키워드

ASEANEconomic GrowthPolitical StabilityOutward FDISavings
주제분류경제학

초록

Using balanced panel data from 2000 to 2019 across 10 Southeast Asian economies, this study attempts to examine the effects of outward FDI and other factors on economic growth. FDI outflows, political stability, and savings have a positive impact on economic growth. Outward FDI is necessary for ASEAN's economic expansion because it facilitates knowledge and technology transfer, both of which are essential for sustainable growth. As such, the majority of the countries in Southeast Asia are embracing outward FDI with the goal of increasing productivity and, hence, promoting economic growth.

Abstract

Using balanced panel data from 2000 to 2019 across 10 Southeast Asian economies, this study attempts to examine the effects of outward FDI and other factors on economic growth. FDI outflows, political stability, and savings have a positive impact on economic growth. Outward FDI is necessary for ASEAN's economic expansion because it facilitates knowledge and technology transfer, both of which are essential for sustainable growth. As such, the majority of the countries in Southeast Asia are embracing outward FDI with the goal of increasing productivity and, hence, promoting economic growth.

참고문헌 (31)

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관련 논문AI추천

Empirical Evidence on the Relationship between Foreign Direct Investment and Economic Growth: A Cross-Country Exploration in AsiaKumarjit Mandal, Samrat Roy경제연구소 · Seoul Journal of Economics2012 · 제25권 제4호Determinants of Economic Growth in ASEAN Countries (2002-2019)KHIN THEINGI AUNG아세안연구원 · SUVANNABHUMI2023 · 제15권 제2호Outward FDI from Developing Country MNEs as a Channel for Technological Catch-UpAlessia Amighini, Marco Sanfilippo, Roberta Rabellotti경제연구소 · Seoul Journal of Economics2010 · 제23권 제2호Distribution of Factors Affecting Foreign Direct Investment in ASEAN CountriesNGUYEN Anh Thi Lan, NGUYEN Dat Ngoc, NGUYEN Duy Van, NGUYEN Hanh Hong, PHAM Chau Thi Minh한국유통과학회 · 유통과학연구2023 · 제21권 제2호Revisiting the Effect of FDI on Economic Growth using Quantile Regression김윤미, 김태환, Lijuan Huo한국국제통상학회 · 국제통상연구2015 · 제20권 제3호The Nexus between FDI and Growth in the SAARC Member Countries전상준대외경제정책연구원 · East Asian Economic Review2015 · 제19권 제1호

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