Tang, Chor Foon and Tan, Eu Chye (2018) Does the Source of Foreign Direct Investment Matter to Economic Growth in Malaysia? Global Economic Review, 47 (2). pp. 174-181. ISSN 1226-508X, DOI https://doi.org/10.1080/1226508X.2017.1406815.
Full text not available from this repository.Abstract
Foreign direct investment (FDI) is often viewed as a potential contributor to a country’s economic growth and development. However, the extent of the contribution may depend upon the source of such investment inflows. This paper assesses the contribution of inward FDI to Malaysia’s economic growth using investment data disaggregated by source over the period, 2008:Q1–2016:Q3. Due to the mixed orders of integration of the series involved, the autoregressive distributed lag (ARDL) framework is employed to conduct the assessment. The econometric results indicate that the source of the FDI does matter greatly when considering the extent of its spin-off for the local economy. Specifically, FDI flows from North America and Southeast Asia contribute more significantly to Malaysia’s economic growth than FDI flows from Central and South America, Northeast Asia and Oceania.
| Item Type: | Article |
|---|---|
| Funders: | UNSPECIFIED |
| Uncontrolled Keywords: | Causality; cointegration; economic growth; generalised variance decomposition; regional inward FDI |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Divisions: | Faculty of Economics & Administration |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 27 Feb 2019 02:14 |
| Last Modified: | 27 Feb 2019 02:14 |
| URI: | http://eprints.um.edu.my/id/eprint/20517 |
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