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Foreign direct investment volatility and economic growth in ASEAN-five countries

Year: 2011

Type: article

Abstract: This study examines the role of foreign direct investment (FDI) volatility as a source of variability in five \nmajor ASEAN economies. Using bounds testing approach, we show that while FDI has positive and significant \neffect in all the ASEAN economies considered, its volatility retards long-run economic growth in Indonesia, \nMalaysia, the Philippines and Thailand. Moreover, FDI volatility can be welfare reducing even after controlling for other country-specific growth correlates. This finding is robust to different measures of FDI volatility.

Source: Unimas Institutional Repository (Universiti Malaysia Sarawak)

Authors: Chee‐Keong Choong, Venus Khim−Sen Liew, Sok-Gee Chan, Huck-Khoon Ch’ng

Language: English

Topic: International Business and FDI

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W2601615204

FWCI:

Cites: 18

Cited by: 1

Related to: 10