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Foreign Direct Investment in Manufacturing Sector in Malaysia

Author

Listed:
  • Abdul Karim, Noor Al-Huda
  • Winters, Paul C.
  • Coelli, Tim J.
  • Fleming, Euan M.

Abstract

This paper analyses the determinants of foreign direct investment (FDI) in the manufacturing sector in Malaysia from eleven countries during the period 1988 to 2000. The empirical results indicate that gross domestic product, lending interest rate, labour productivity, exports to home country and imports from home country significantly influenced the level of FDI inflows into Malaysia. However, exchange rate, exchange rate variation, wage and openness index were not important in influencing FDI.

Suggested Citation

  • Abdul Karim, Noor Al-Huda & Winters, Paul C. & Coelli, Tim J. & Fleming, Euan M., 2003. "Foreign Direct Investment in Manufacturing Sector in Malaysia," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57903, Australian Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:aare03:57903
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    References listed on IDEAS

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    1. Agmon, Tamir & Lessard, Donald R, 1977. "Investor Recognition of Corporate International Diversification," Journal of Finance, American Finance Association, vol. 32(4), pages 1049-1055, September.
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    3. Kojima, Kiyoshi, 1975. "International Trade and Foreign Investment : Substitutes or Complements," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 16(1), pages 1-12, June.
    4. Raymond Vernon, 1966. "International Investment and International Trade in the Product Cycle," The Quarterly Journal of Economics, Oxford University Press, vol. 80(2), pages 190-207.
    5. Zhen Quan Wang & Nigel Swain, 1997. "Determinants of Inflow of Foreign Direct Investment in Hungary and China: Time-Series Approach," Journal of International Development, John Wiley & Sons, Ltd., vol. 9(5), pages 695-726.
    6. John Dunning, 1981. "Explaining the international direct investment position of countries: Towards a dynamic or developmental approach," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 117(1), pages 30-64, March.
    7. Barrell, Ray & Pain, Nigel, 1999. "Trade restraints and Japanese direct investment flows," European Economic Review, Elsevier, vol. 43(1), pages 29-45, January.
    8. Vernon, Raymond, 1979. "The Product Cycle Hypothesis in a New International Environment," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 41(4), pages 255-267, November.
    9. Caves, Richard E, 1971. "International Corporations: The Industrial Economics of Foreign Investment," Economica, London School of Economics and Political Science, vol. 38(149), pages 1-27, February.
    10. Xiaming Liu & Haiyan Song & Yingqi Wei & Peter Romilly, 1997. "Country characteristics and foreign direct investment in China: A panel data analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 133(2), pages 313-329, June.
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