Citation
Ismail, Normaz Wana and Smith, Peter and Kugler, Maurice
(2009)
The effect of ASEAN economic integration on foreign direct investment.
Journal of Economic Integration, 24 (3).
pp. 385-407.
ISSN 1225-651X
Abstract
The primary concern of this study is to highlight AFTA’s roles in increasing ASEAN countries’ attractiveness for FDI from members and non-members, noting that the agreement has been followed by many packages to enhance FDI flows
into the region. The time period cover in this study is after the AFTA has been implemented (1995 to 2003). The gravity model is employed in this study in the analysis based on cross section and panel data analysis. There are two main effects are considered in this study, namely the effects of REI on intra-regional FDI flows and on extra-regional FDI flows. The major finding of this study is the
ASEAN5 invest in each other less than they invested in the new ASEAN members. The empirical results from extra-regional-FDI revealed that the European countries increase investment in ASEAN than any other region in the sample.
Moreover, further investigation also found that the USA and Japan invested more in ASEAN5 than in the new ASEAN members.
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Additional Metadata
| Item Type: |
Article
|
| Subject: |
Southeast Asia - Economic integration. |
| Subject: |
Southeast Asia - Foreign economic relations. |
| Subject: |
Investments, Foreign - Southeast Asia. |
| Divisions: |
Faculty of Economics and Management |
| Publisher: |
Sejong University, Sejong Institution, Center for International Economics |
| Keywords: |
ASEAN; AFTA; Foreign direct investment; Gravity model. |
| Depositing User: |
Emelda Mohd Hamid
|
| Date Deposited: |
14 May 2013 04:03 |
| Last Modified: |
29 Sep 2015 02:31 |
| URI: |
http://psasir.upm.edu.my/id/eprint/17070 |
| Statistic Details: |
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