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The Contribution of Emerging Countries’ Outward Foreign Direct Investment to Home Countries’ Economic Growth

Author

Listed:
  • TAN , BEE WAH

    (Universiti Utara Malaysia, Malaysia)

  • TANG , CHOR FOON

    (Universiti Sains Malaysia, Malaysia)

  • LOO , TECK KHUN

    (UOW Malaysia KDU Penang University College, Malaysia)

Abstract

Using balanced panel data from 2000 to 2019 across 10 Southeast Asian economies, this study attempts to examine the effects of outward FDI and other factors on economic growth. FDI outflows, political stability, and savings have a positive impact on economic growth. Outward FDI is necessary for ASEAN's economic expansion because it facilitates knowledge and technology transfer, both of which are essential for sustainable growth. As such, the majority of the countries in Southeast Asia are embracing outward FDI with the goal of increasing productivity and, hence, promoting economic growth.

Suggested Citation

  • Tan , Bee Wah & Tang , Chor Foon & Loo , Teck Khun, 2024. "The Contribution of Emerging Countries’ Outward Foreign Direct Investment to Home Countries’ Economic Growth," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 49(1), pages 63-71, March.
    • Handle: RePEc:ris:jecdev:0080
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    More about this item

    Keywords

    ASEAN; Outward FDI; Economic Growth; Political Stability; Savings;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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