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What drives OFDI? Comparative evidence from ASEAN and selected Asian economies

Purpose: The purpose of this study is to examine the factors that are influential on outward foreign direct investment (OFDI). A sample of four Association of Southeast Asian Nations (ASEAN) countries is compared with dominant Asian economies during 1981-2013. Design/methodology/approach: The author...

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Main Authors: Ahmad, F., Draz, M.U., Yang, S.-C.
Format: Article
Published: Emerald Group Publishing Ltd. 2018
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85044037673&doi=10.1108%2fJCEFTS-03-2017-0010&partnerID=40&md5=20ebc36184f9c10e1e78f36d54ac16ce
http://eprints.utp.edu.my/21317/
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spelling my.utp.eprints.213172018-09-25T08:05:00Z What drives OFDI? Comparative evidence from ASEAN and selected Asian economies Ahmad, F. Draz, M.U. Yang, S.-C. Purpose: The purpose of this study is to examine the factors that are influential on outward foreign direct investment (OFDI). A sample of four Association of Southeast Asian Nations (ASEAN) countries is compared with dominant Asian economies during 1981-2013. Design/methodology/approach: The authors used time series data for analysis. An econometric model using ordinary least squares, with a series of complementary tests, was estimated for every country to determine the variables affecting OFDI. Findings: The results depict that exchange rates, income and human capital affect the OFDI of most of the countries in the sample. For comparatively advanced and dominant economies (i.e. China, Japan, South Korea and India), openness is the most influential variable, whereas income levels and exchange rates are dominant factors in case of ASEAN economies. Overall, different types of endowments have a different impact for every country. Originality/value: Previous studies have primarily examined advanced countries� OFDI. This work adds to the literature by focusing on ASEAN economies and by making a comparison with the dominant Asian economies. Furthermore, the validity and stability of the model is tested with a series of specification tests. In this way, this work is a useful source of information for every stakeholder. © 2018, Emerald Publishing Limited. Emerald Group Publishing Ltd. 2018 Article NonPeerReviewed https://www.scopus.com/inward/record.uri?eid=2-s2.0-85044037673&doi=10.1108%2fJCEFTS-03-2017-0010&partnerID=40&md5=20ebc36184f9c10e1e78f36d54ac16ce Ahmad, F. and Draz, M.U. and Yang, S.-C. (2018) What drives OFDI? Comparative evidence from ASEAN and selected Asian economies. Journal of Chinese Economic and Foreign Trade Studies, 11 (1). pp. 15-31. http://eprints.utp.edu.my/21317/
institution Universiti Teknologi Petronas
building UTP Resource Centre
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Petronas
content_source UTP Institutional Repository
url_provider http://eprints.utp.edu.my/
description Purpose: The purpose of this study is to examine the factors that are influential on outward foreign direct investment (OFDI). A sample of four Association of Southeast Asian Nations (ASEAN) countries is compared with dominant Asian economies during 1981-2013. Design/methodology/approach: The authors used time series data for analysis. An econometric model using ordinary least squares, with a series of complementary tests, was estimated for every country to determine the variables affecting OFDI. Findings: The results depict that exchange rates, income and human capital affect the OFDI of most of the countries in the sample. For comparatively advanced and dominant economies (i.e. China, Japan, South Korea and India), openness is the most influential variable, whereas income levels and exchange rates are dominant factors in case of ASEAN economies. Overall, different types of endowments have a different impact for every country. Originality/value: Previous studies have primarily examined advanced countries� OFDI. This work adds to the literature by focusing on ASEAN economies and by making a comparison with the dominant Asian economies. Furthermore, the validity and stability of the model is tested with a series of specification tests. In this way, this work is a useful source of information for every stakeholder. © 2018, Emerald Publishing Limited.
format Article
author Ahmad, F.
Draz, M.U.
Yang, S.-C.
spellingShingle Ahmad, F.
Draz, M.U.
Yang, S.-C.
What drives OFDI? Comparative evidence from ASEAN and selected Asian economies
author_facet Ahmad, F.
Draz, M.U.
Yang, S.-C.
author_sort Ahmad, F.
title What drives OFDI? Comparative evidence from ASEAN and selected Asian economies
title_short What drives OFDI? Comparative evidence from ASEAN and selected Asian economies
title_full What drives OFDI? Comparative evidence from ASEAN and selected Asian economies
title_fullStr What drives OFDI? Comparative evidence from ASEAN and selected Asian economies
title_full_unstemmed What drives OFDI? Comparative evidence from ASEAN and selected Asian economies
title_sort what drives ofdi? comparative evidence from asean and selected asian economies
publisher Emerald Group Publishing Ltd.
publishDate 2018
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85044037673&doi=10.1108%2fJCEFTS-03-2017-0010&partnerID=40&md5=20ebc36184f9c10e1e78f36d54ac16ce
http://eprints.utp.edu.my/21317/
_version_ 1738656272292511744
score 13.211869

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