Impact of foreign direct investment volatility on economic growth of asean-5 countries

This study examines the impact of volatility of FDI, rather than its level on the economic growth of ASEAN-5 countries. Using bounds testing approach, we show that FDI volatility retards long-run economic growth in Indonesia, Malaysia, the Philippines and Thailand. Our results suggest that the econ...

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Main Authors: Venus, Khim-Sen Liew, Choong, Chee-Keong
格式: Article
語言:English
出版: Economics Bulletin 2009
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spelling my.unimas.ir.295822021-06-01T12:41:55Z http://ir.unimas.my/id/eprint/29582/ Impact of foreign direct investment volatility on economic growth of asean-5 countries Venus, Khim-Sen Liew Choong, Chee-Keong HB Economic Theory HG Finance This study examines the impact of volatility of FDI, rather than its level on the economic growth of ASEAN-5 countries. Using bounds testing approach, we show that FDI volatility retards long-run economic growth in Indonesia, Malaysia, the Philippines and Thailand. Our results suggest that the economic growth of Indonesia is the most susceptible to the adverse effect of FDI volatility. These findings, which are robust to different measures of FDI volatility, are of concern in dealing with the economic growth of developing countries in the ASEAN region, which rely heavily on FDI. Economics Bulletin 2009 Article PeerReviewed text en http://ir.unimas.my/id/eprint/29582/1/impact.pdf Venus, Khim-Sen Liew and Choong, Chee-Keong (2009) Impact of foreign direct investment volatility on economic growth of asean-5 countries. Economics Bulletin, 29 (3). pp. 1829-1841. ISSN 1545-2921 http://www.accessecon.com/pubs/eb/
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HB Economic Theory
HG Finance
spellingShingle HB Economic Theory
HG Finance
Venus, Khim-Sen Liew
Choong, Chee-Keong
Impact of foreign direct investment volatility on economic growth of asean-5 countries
description This study examines the impact of volatility of FDI, rather than its level on the economic growth of ASEAN-5 countries. Using bounds testing approach, we show that FDI volatility retards long-run economic growth in Indonesia, Malaysia, the Philippines and Thailand. Our results suggest that the economic growth of Indonesia is the most susceptible to the adverse effect of FDI volatility. These findings, which are robust to different measures of FDI volatility, are of concern in dealing with the economic growth of developing countries in the ASEAN region, which rely heavily on FDI.
format Article
author Venus, Khim-Sen Liew
Choong, Chee-Keong
author_facet Venus, Khim-Sen Liew
Choong, Chee-Keong
author_sort Venus, Khim-Sen Liew
title Impact of foreign direct investment volatility on economic growth of asean-5 countries
title_short Impact of foreign direct investment volatility on economic growth of asean-5 countries
title_full Impact of foreign direct investment volatility on economic growth of asean-5 countries
title_fullStr Impact of foreign direct investment volatility on economic growth of asean-5 countries
title_full_unstemmed Impact of foreign direct investment volatility on economic growth of asean-5 countries
title_sort impact of foreign direct investment volatility on economic growth of asean-5 countries
publisher Economics Bulletin
publishDate 2009
url http://ir.unimas.my/id/eprint/29582/1/impact.pdf
http://ir.unimas.my/id/eprint/29582/
http://www.accessecon.com/pubs/eb/
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score 13.250246