ASEAN Economic Performance, Institutional Effectiveness, and Foreign Direct Investment
| Autor: | Ponlapat Buracom |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
Economics and Econometrics
Government business.industry Geography Planning and Development International economics Foreign direct investment International trade Investment (macroeconomics) Domestic market Rule of law Good governance Globalization Property rights Political Science and International Relations Economics business Law |
| Zdroj: | Asian Affairs: An American Review. 41:108-126 |
| ISSN: | 1940-1590 0092-7678 |
| DOI: | 10.1080/00927678.2014.936801 |
| Popis: | Foreign direct investment (FDI) is considered to be one of the most important forces of economic growth and globalization. Many ASEAN economies have only a small domestic market; they are heavily reliant on international trade and FDI. Recent studies on cross-border investment indicate the importance of domestic economic performance and institutional effectiveness (including government effectiveness, regulatory quality, rule of law and property rights protection) in attracting FDI. The result from a cross-national empirical analysis, in this study, also confirms the significant impact of macroeconomic performance and institutional factors on FDI flows into developing countries. In this paper, it is argued that, with the exception of Singapore, most ASEAN countries are afflicted with relatively poor institutions for good governance, with low government effectiveness, and poor regulatory quality and rule of law. This relatively poor institutional quality may exacerbate the effects of external threat... |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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