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The roles of macroeconomic factors and country specific indicators in promoting international trade and FDI inflows in BRICS, ASEAN 5 and developed countries / Amirhossein Karbalaei Mohammad Hossein

Total trade and foreign direct investment (FDI) are important incentives to enhance the economic development .of emerging countries. This paper aims to investigate the effects of macroeconomic and country specific indicators on total trade and FDI inflows in 16 countries, in three groups of BRICS, A...

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Main Author: Mohammad Hossein, Amirhossein Karbalaei
Format: Thesis
Language:English
Published: 2015
Subjects:
Macroeconomics
ASEAN
Online Access:https://ir.uitm.edu.my/id/eprint/13854/2/13854.pdf
https://ir.uitm.edu.my/id/eprint/13854/
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spelling my.uitm.ir.138542023-05-17T01:47:35Z https://ir.uitm.edu.my/id/eprint/13854/ The roles of macroeconomic factors and country specific indicators in promoting international trade and FDI inflows in BRICS, ASEAN 5 and developed countries / Amirhossein Karbalaei Mohammad Hossein Mohammad Hossein, Amirhossein Karbalaei Macroeconomics ASEAN Total trade and foreign direct investment (FDI) are important incentives to enhance the economic development .of emerging countries. This paper aims to investigate the effects of macroeconomic and country specific indicators on total trade and FDI inflows in 16 countries, in three groups of BRICS, ASEAN 5 and developed countries for the period from 1981 to 2012. The ordinary least square and cross-sectional econometric model of fixed effect panel data are applied to explore the extent to which these variables are related in individual countries and sets of countries as a panel, respectively. In addition, the outcomes of this study help policy makers in developed and developing countries to identify influential determinants of total trade and FDI in order to optimize policies to increase international trade as well as foreign investments, and benefit from higher employment rate and economic growth. The findings from ordinary least square analysis indicate that both sets of factors are significant in influencing total trade of all countries except China where macroeconomic factors are more significant in affecting total trade. Moreover, the results from the fixed effect panel analysis also denote that both macroeconomic and country specific indicators significantly influence total trade in the three groups of countries. The findings indicate that both macroeconomic factors and country specific indicators are significant in determining FDI inflows of South Africa, Malaysia, Indonesia, the Philippines, Germany, Hong Kong, and Japan. However, it is also concluded that macroeconomic factors are more significant in affecting FDI inflows in Russia, China, Korea and the United States. Alternatively, country specific indicators are more significant in determining FDI inflows in Brazil. The findings from the fixed effect panel model indicate that FDI inflows in developed countries are significantly influenced by both sets of macroeconomic and country specific indicators. For the group of ASEAN 5 and BRICS countries, the set of macroeconomic factors are more significant in determining FDI inflows 2015-01 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/13854/2/13854.pdf The roles of macroeconomic factors and country specific indicators in promoting international trade and FDI inflows in BRICS, ASEAN 5 and developed countries / Amirhossein Karbalaei Mohammad Hossein. (2015) Masters thesis, thesis, Universiti Teknologi MARA. <http://terminalib.uitm.edu.my/13854.pdf>
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Macroeconomics
ASEAN
spellingShingle Macroeconomics
ASEAN
Mohammad Hossein, Amirhossein Karbalaei
The roles of macroeconomic factors and country specific indicators in promoting international trade and FDI inflows in BRICS, ASEAN 5 and developed countries / Amirhossein Karbalaei Mohammad Hossein
description Total trade and foreign direct investment (FDI) are important incentives to enhance the economic development .of emerging countries. This paper aims to investigate the effects of macroeconomic and country specific indicators on total trade and FDI inflows in 16 countries, in three groups of BRICS, ASEAN 5 and developed countries for the period from 1981 to 2012. The ordinary least square and cross-sectional econometric model of fixed effect panel data are applied to explore the extent to which these variables are related in individual countries and sets of countries as a panel, respectively. In addition, the outcomes of this study help policy makers in developed and developing countries to identify influential determinants of total trade and FDI in order to optimize policies to increase international trade as well as foreign investments, and benefit from higher employment rate and economic growth. The findings from ordinary least square analysis indicate that both sets of factors are significant in influencing total trade of all countries except China where macroeconomic factors are more significant in affecting total trade. Moreover, the results from the fixed effect panel analysis also denote that both macroeconomic and country specific indicators significantly influence total trade in the three groups of countries. The findings indicate that both macroeconomic factors and country specific indicators are significant in determining FDI inflows of South Africa, Malaysia, Indonesia, the Philippines, Germany, Hong Kong, and Japan. However, it is also concluded that macroeconomic factors are more significant in affecting FDI inflows in Russia, China, Korea and the United States. Alternatively, country specific indicators are more significant in determining FDI inflows in Brazil. The findings from the fixed effect panel model indicate that FDI inflows in developed countries are significantly influenced by both sets of macroeconomic and country specific indicators. For the group of ASEAN 5 and BRICS countries, the set of macroeconomic factors are more significant in determining FDI inflows
format Thesis
author Mohammad Hossein, Amirhossein Karbalaei
author_facet Mohammad Hossein, Amirhossein Karbalaei
author_sort Mohammad Hossein, Amirhossein Karbalaei
title The roles of macroeconomic factors and country specific indicators in promoting international trade and FDI inflows in BRICS, ASEAN 5 and developed countries / Amirhossein Karbalaei Mohammad Hossein
title_short The roles of macroeconomic factors and country specific indicators in promoting international trade and FDI inflows in BRICS, ASEAN 5 and developed countries / Amirhossein Karbalaei Mohammad Hossein
title_full The roles of macroeconomic factors and country specific indicators in promoting international trade and FDI inflows in BRICS, ASEAN 5 and developed countries / Amirhossein Karbalaei Mohammad Hossein
title_fullStr The roles of macroeconomic factors and country specific indicators in promoting international trade and FDI inflows in BRICS, ASEAN 5 and developed countries / Amirhossein Karbalaei Mohammad Hossein
title_full_unstemmed The roles of macroeconomic factors and country specific indicators in promoting international trade and FDI inflows in BRICS, ASEAN 5 and developed countries / Amirhossein Karbalaei Mohammad Hossein
title_sort roles of macroeconomic factors and country specific indicators in promoting international trade and fdi inflows in brics, asean 5 and developed countries / amirhossein karbalaei mohammad hossein
publishDate 2015
url https://ir.uitm.edu.my/id/eprint/13854/2/13854.pdf
https://ir.uitm.edu.my/id/eprint/13854/
_version_ 1768011463744552960
score 13.211869

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