scholarly journals IMPACT OF FOREIGN DIRECT INVESTMENT, IMPORTS AND TARIFF DEREGULATION ON EXPORTS AMONG PIONEERING ASEAN MEMBERS: PANEL DATA ANALYSIS

2017 ◽  
Vol 18 (1) ◽  
Author(s):  
James Asirvatham ◽  
Rajah Rasiah ◽  
Govindamal Thangiah ◽  
Navaz Naghav
Keyword(s):  
Foreign Direct Investment ◽  
Panel Data ◽  
South Korea ◽  
Direct Investment ◽  
Panel Data Analysis ◽  
Import Substitution ◽  
Turn Of The Millennium ◽  
Middle Income ◽  
Middle Income Countries ◽  
Rapid Pace

Following the successful development of the first-tier Newly Industrialized economies of South Korea and Taiwan, governments have gradually moved from import-substitution policies to export-led or export-led import substitution policies. The Association of Southeast Asian nations are no exception as the rapid pace of trade liberalization has been referred to as the prime driver of economic growth in these countries. While the industrial policies of these countries may not be as effective as those of the first-tier NIEs, the pioneering ASEAN members of Indonesia, Malaysia, Philippines, Singapore and Thailand have enjoyed rapid growth and structural change since the 1970s. Indeed, Singapore’s per capita income has remained higher than that of South Korea and Taiwan. Indonesia, Malaysia, Philippines and Thailand became middle income countries by the turn of the millennium. Hence, using panel data over the period 1970-2015 this paper seeks to analyze the influence of foreign direct investment, imports and tariff deregulation on export growth among the five pioneering ASEAN members. The results show that open trade policies in general and increases in FDI, imports and tariff deregulations has helped the ASEAN-5 stimulate exports. Keywords: Exports; Foreign direct investment; Imports; Tariffs; ASEAN.

Causal Interactions Between Foreign Direct Investments, Trade, and Economic Growth

2019 ◽  
pp. 242-264
Author(s):  
Fındık Özlem Alper ◽  
Ali Eren Alper
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Panel Data Analysis ◽  
Foreign Direct Investments ◽  
Middle Income ◽  
Significance Level ◽  
Middle Income Countries ◽  
Pooled Mean Group

The main objective of this chapter is to detect the impacts of FDI and foreign trade on the economic growth of middle income countries. Therefore, this study aims to examine the relationship among economic growth, foreign direct investments, and trade in 27 middle-income countries according to the United Nations (UN) classification through panel data analysis method. According to the results of the Pedroni cointegration test, the null hypothesis suggesting no cointegration among the series at 1% significance level is rejected in all seven tests. According to pooled mean group estimator estimation results, the coefficients of foreign direct investment and trade which have long-term impacts on economic growth are also identified. Accordingly, the coefficients of both variables are statistically significant. A 1% increase in foreign direct investment and trade increase economic growth by 0.24% and 0.02%, respectively.

scholarly journals Determinants of Foreign Direct Investment in Middle-Income Countries: New Middle-Income Trap Evidence

2017 ◽  
Vol 8 (1) ◽  
pp. 58-70 ◽  
Author(s):  
Ioannis A. Tampakoudis ◽  
Demetres N. Subeniotis ◽  
Ioannis G. Kroustalis ◽  
Manolis I. Skouloudakis
Keyword(s):  
Direct Investment ◽  
Panel Data Analysis ◽  
Trade Openness ◽  
Emerging Countries ◽  
Middle Income ◽  
Fdi Inflows ◽  
Middle Income Countries ◽  
Economic Level ◽  
Middle Income Trap ◽  
Gathering Data

Abstract The determinants of FDI have been examined extensively in the literature; however, the empirical findings are inconclusive and often diverging. Developing and emerging countries have attracted the bulk of FDI inflows since the early 2000s, subsequently improving their economic level. Nevertheless, many middle-income countries got stuck in the middle-income trap, failing to make the transition to the high-income level. The study investigates the effects of certain determinants on FDI inflows to middle-income countries, with respect to avoiding the middle-income trap. We employ a panel data analysis for fifteen middleincome countries gathering data from 1980 onwards. The results highlight the significance of trade openness, GDP and population growth on inward FDI, while financial development, inflation, infrastructure and fuel exports are found to be insignificant. Empirical findings may force governments to apply policies in certain areas, with the aim of attracting further FDI while at the same time escaping the middle-income trap.

scholarly journals DETERMINASI PERTUMBUHAN EKONOMI DI TUJUH NEGARA ASEAN PERIODE TAHUN 1996-2013

Media Ekonomi ◽  
2015 ◽  
Vol 23 (2) ◽  
pp. 107
Author(s):  
Desyana Eka Pramasty ◽  
Lydia Rosintan
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Data Analysis ◽  
Panel Data ◽  
Direct Investment ◽  
Panel Data Analysis ◽  
Foreign Debt ◽  
National Income ◽  
Negative Effect ◽  
Asean Countries

<p><em>Economic growth is also one of the most important indicators</em><em> </em><em>in determining the standard of living of people in a country, because of an increase in the production capacity of an economy that is manifested in the form of national income. Economic growth is an indication of the success of economic development, measured by comparing, for example, for domestic size, Gross Domestic Product (GDP) in the current year with the previous year. This study aimed to analyze the factors that affect economic growth in seven ASEAN countries period from 1996-2013. This study use panel data analysis. The factors that affect economic growth in seven ASEAN countries, namely foreign debt, foreign direct investment, and the rate of inflation. Based on panel data analysis of the results showed that the foreign debt has negative effect and significant on economic growth, foreign direct investment has positive effect and significant on economic growth and inflation rate has negative effect and significant on economic growth in seven ASEAN countries period from 1996-2013.</em></p>

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