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Foreign Direct Investment Outflows : Asian Developing Countries

Author

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  • Bano , Sayeeda

    (The University of Waikato)

  • Tabbada, Jose

    (Institute for Strategic and Development Studies)

Abstract

Foreign Direct Investment originating from East, Southeast, and South Asian developing countries has increased significantly since 1980. This paper examines the extent and determinants of Foreign Direct Investment outflows from these countries between 1980 and 2011. We use selected home country-specific macroeconomic variables and identifies the key determinants of Foreign Direct Investment outflows using correlation and regression analysis. The results show that Foreign Direct Investment outflows are closely associated with high levels of Gross Domestic Product, high domestic savings, large foreign reserves, export orientation, and relatively large Foreign Direct Investment inflows in the source countries, with the strength and importance of each factor varying with the level of development. Our main conclusion is that, although non-traditional Foreign Direct Investment outflows have so far been confined to a limited number of developing countries, mostly Asian, other developing countries could also become capital exporters with a supportive international environment and appropriate domestic policies.

Suggested Citation

  • Bano , Sayeeda & Tabbada, Jose, 2015. "Foreign Direct Investment Outflows : Asian Developing Countries," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 30(2), pages 359-398.
    • Handle: RePEc:ris:integr:0662
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    Citations

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    Cited by:

    1. Pragyanrani BEHERA & Prajukta TRIPATHY & Bikash Ranjan MISHRA, 2020. "Do export, financial development, and institutions affect FDI outflows? Insights from Asian developing countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(623), S), pages 175-190, Summer.
    2. Wladimir Andreff, 2017. "New-Wave Emerging Multinational Companies: The Determinants of Their Outward Foreign Direct Investment," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03231804, HAL.
    3. Yu Cheng Lai & Santanu Sarkar, 2022. "The role of labour unrest and skilled labour on outward foreign direct investment in Taiwan, Republic of China, ROC," The Economic and Labour Relations Review, , vol. 33(2), pages 396-414, June.
    4. Viput Ongsakul & Salil K. Sen, 2019. "Low Carbon Energy Symbiosis for Sustainability: Review of Shared Value-based Policy Metabolism to Enhance the Implementability of the Sustainable Development Goals in Asia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 24-30.
    5. Rishika Nayyar & Jaydeep Mukherjee, 2018. "Outward FDI from India: A macro level examination in the presence of structural breaks," Working Papers 1833, Indian Institute of Foreign Trade.
    6. Ogbeifun Lawrence & Shobande Olatunji Abdul, 2020. "Causality Analysis of Disaggregated FDI Inflows on Sectorial Growth in OECD Area," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 30(4), pages 92-110, December.
    7. Tamas Gerocs, 2017. "Internationalization of Indian multinational enterprises - motivations, strategies and regulation from the experience of Indian investments - a focus on Europe," IWE Working Papers 234, Institute for World Economics - Centre for Economic and Regional Studies.
    8. Wladimir Andreff, 2017. "New-Wave Emerging Multinational Companies: The Determinants of Their Outward Foreign Direct Investment," Post-Print hal-03231804, HAL.
    9. Dong, Xiyong & Li, Changhong & Yoon, Seong-Min, 2021. "How can investors build a better portfolio in small open economies? Evidence from Asia’s Four Little Dragons," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).
    10. Gnangnon, Sèna Kimm, 2018. "Effect of multilateral trade liberalization on foreign direct investment outflows amid structural economic vulnerability in developing countries," Research in International Business and Finance, Elsevier, vol. 45(C), pages 15-29.

    More about this item

    Keywords

    Foreign Direct Investment; Developed Countries; Developing Countries; East Asia; Southeast Asia; South Asia;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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