Determinants of Bilateral Foreign Direct Investment Intra-ASEAN : Panel Gravity Model

서지정보

ㆍ발행기관 : 한국유통과학회 ㆍ수록지정보 : The East Asian Journal of Business Management / 6권 / 1호
ㆍ저자명 : Hasrat Ifolala Zebua, Nasrudin

목차

1. Introduction
2. Literature Review
3. Methodology
4. Result and Discussion
5. Conclusion
References

영어 초록

Purpose – This paper aims to find and analyze factors that determine the flows of bilateral foreign direct investment in intra- ASEAN. It specifically focuses on the dimension of macro- economic, natural resources, human resources, and the quality of governance. Research design, data, and methodology – Data were collected from 64 bilateral relations between ASEAN nations from 2002 to 2013. Panel gravity model was utilized to find factors that determine the flows of bilateral foreign direct investment. Results – Significant factors were identified that determine the flows of bilateral foreign direct investment: GDP home country, GDP host country, real interest rate, distance, and total natural resources rent. Unexpectedly, natural resources have a negative effect. Conclusions – In a situation of increasing the flow of FDI among the countries of ASEAN, the government should control the interest rates and maintain good relations with nearby countries. The negative effect of total natural resource rents implies that ASEAN countries should not depend on their natural resources to attract foreign investments.

참고 자료

없음