Arbeitspapier
Spatial estimation of the nexus between the PRC's foreign direct investment and ASEAN's growth
Forging closer economic relations between the People's Republic of China (PRC) and the Association of Southeast Asian Nations (ASEAN) over the last 2 decades has contributed to building a stronger ASEAN economy. It is particularly important to know how the PRC's foreign direct investment responds to ASEAN's economic performance. This study investigates the causal relationship between the PRC's foreign direct investment and economic growth among the 10 ASEAN member countries from 1995 to 2013. Panel unit root tests, a spatial panel vector autoregressive model, and spatial Granger causality are employed as empirical techniques for spatial panel estimation. The empirical results reveal that the PRC's direct investment in ASEAN caused economic growth in ASEAN, and economic growth in ASEAN resulted in the PRC's direct investment in ASEAN. This finding raises potentially interesting external investment policy implications.
- Sprache
-
Englisch
- Erschienen in
-
Series: ADBI Working Paper ; No. 597
Klassifikation
Wirtschaft
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Multinational Firms; International Business
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Multinational Firms; International Business
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Thema
foreign direct investment
direct investment
investment
the People's Republic of China
Association of Southeast Asian Nations
economic growth
direct investment
investment
the People's Republic of China
Association of Southeast Asian Nations
economic growth
Ereignis
Geistige Schöpfung
(wer)
Uttama, Nathapornpan Piyaareekul
Ereignis
Veröffentlichung
(wer)
Asian Development Bank Institute (ADBI)
(wo)
Tokyo
(wann)
2016
- Handle
- Letzte Aktualisierung
-
12.07.2024, 13:21 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Uttama, Nathapornpan Piyaareekul
- Asian Development Bank Institute (ADBI)
Entstanden
- 2016
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