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US FDI flows to ASEAN-5: Do Geographic Neighbors Matter?

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  • Kemegue, Francis
  • Mohan, Ramesh

Abstract

This paper investigates the possibility of interdependence between flows of US FDI to the ASEAN region. The study incorporates information asymmetry into an FDI model to examine the influence of geographic neighbors on new flows of FDI from the United States. Spillovers are modeled using the cost structure of a multinational investing in a region where US firms are already present. The results show that there are negative spillovers of US FDI in the ASEAN region affecting mostly the non-manufacturing sector.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 5988.

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Date of creation: 26 Nov 2007
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Handle: RePEc:pra:mprapa:5988

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Keywords: Foreign Direct Investment; Spillovers; ASEAN;

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Cited by:
  1. Kemegue, F. & Mohan, R., 2009. "US FDI flows to ASEAN-5: Do Geographic Neighbors Matter?," Applied Econometrics and International Development, Euro-American Association of Economic Development, Euro-American Association of Economic Development, vol. 9(1).
  2. Rogers, Cynthia L. & Wu, Chen, 2012. "Employment by foreign firms in the U.S.: Do state incentives matter?," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 42(4), pages 664-680.

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