Determinants of Intra-Region and Extra-Region Foreign Direct Investment Inflow in ASEAN: A Spatial Econometric Analysis

Autor: Michaël Goujon, Hong Hiep Hoang
Přispěvatelé: Centre d'Études et de Recherches sur le Développement International (CERDI), Centre National de la Recherche Scientifique (CNRS)-Université Clermont Auvergne [2017-2020] (UCA [2017-2020]), ANR-10-LABX-0014,IDGM+,Designing new international development policies from research outcomes. An enhanced 'Initiative for Development and Global Governance'(2010), ANR-10-LABX-0014,IDGM+,Designing new international development policies from research outcomes. An enhanced(2010), Université Clermont Auvergne [2017-2020] (UCA [2017-2020])-Centre National de la Recherche Scientifique (CNRS)
Rok vydání: 2018
Předmět:
Economic integration
JEL: F - International Economics/F.F2 - International Factor Movements and International Business/F.F2.F23 - Multinational Firms • International Business
JEL: E - Macroeconomics and Monetary Economics/E.E2 - Consumption
Saving
Production
Investment
Labor Markets
and Informal Economy/E.E2.E22 - Investment • Capital • Intangible Capital • Capacity
Geography
Planning and Development
Market size
0211 other engineering and technologies
0507 social and economic geography
02 engineering and technology
Foreign direct investment
JEL: F - International Economics/F.F2 - International Factor Movements and International Business/F.F2.F21 - International Investment • Long-Term Capital Movements
Economics
Market potential
Determinants
05 social sciences
Econometric analysis
021107 urban & regional planning
International economics
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
Spatial model
JEL: R - Urban
Rural
Regional
Real Estate
and Transportation Economics/R.R1 - General Regional Economics/R.R1.R12 - Size and Spatial Distributions of Regional Economic Activity
Econometric model
Foreign direct investment inflow
Dominance (economics)
050703 geography
ASEAN
Zdroj: Applied Spatial Analysis and Policy
Applied Spatial Analysis and Policy, 2018, pp 1-18. ⟨10.1007/s12061-018-9280-8⟩
Applied Spatial Analysis and Policy, 2018, pp 965-982. ⟨10.1007/s12061-018-9280-8⟩
ISSN: 1874-4621
1874-463X
DOI: 10.1007/s12061-018-9280-8
Popis: International audience; In this paper , we explore the dominant forms of foreign direct investment (FDI) (horizontal, vertical, export-platform, and complex vertical) in ASEAN countries. To account for theheterogeneity in FDI forms according to their origins, we examine separately extra-ASEANand intra-ASEAN FDI in ASEAN countries. Using macro-level annual data covering nine countries over 1999–201 1 and spatial econometric models, we find that the significance and the signs of the coefficients for the determinants of FDI and of spatial interactions provide anindirect way to test the dominance of particular forms of FDI over others. Our results suggest that the location of extra-ASEAN FDI is affected by host country characteristics (such a s market size, infrastructure quality, political stability, trade costs) and by FDI in neighboring countries. Then, extra-ASEAN FDI inflows seem to be dominated by complex vertical FDI. In contrast, the location of intra-ASEAN FDI is affected by a host country’s political stability and market size, but also by the market potential of neighboring markets, suggesting that intra-ASEAN FDI inflows are dominated by export-platform FDI. The significance of spatial interactions for both origins of flows warrants the acceleration of economic integration between ASEAN countries to continuously attract FDI.
Databáze: OpenAIRE
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