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The Effect of Myanmar’s Foreign Investment Policies on FDI Inflows: An Analysis of Panel Data across ASEAN Member Countries

Author

Listed:
  • Miguel Ramirez

    () (Department of Economics, Trinity College)

  • Blake Tretter

    (Department of Economics, Trinity College)

Abstract

Once one of the richest countries in Southeast Asia, Myanmar suffered the effects of a closed economy for over 50 years and became one of the poorest and most corrupt countries in the world. Though excited international investors wait to exploit Myanmar’s large labor force and natural resources as it reopens its markets, the country is currently far behind its potential. In such a small economy, large FDI inflows could have a significant impact on the country’s path going forward. Whether or not it receives these inflows depends on how multinational enterprises view Myanmar’s investment environment. In particular, its recently enacted foreign investment law as well as the status of sanctions on the country. By looking at a cross-section of ASEAN-member countries for the period 1995-2011, this paper analyzes the effect of foreign investment policies on FDI flows using a panel fixed-effects regression.

Suggested Citation

  • Miguel Ramirez & Blake Tretter, 2013. "The Effect of Myanmar’s Foreign Investment Policies on FDI Inflows: An Analysis of Panel Data across ASEAN Member Countries," Working Papers 1312, Trinity College, Department of Economics.
  • Handle: RePEc:tri:wpaper:1312
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    File URL: http://internet2.trincoll.edu/repec/WorkingPapers2013/WP13-12.pdf
    File Function: First version, 2013
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    More about this item

    Keywords

    Foreign Direct Investment (FDI); Fixed Effects Model (FEM); Foreign Investment Law (FIL); Hausman Test; Index of Economic Freedom; OLI Framework; Random Effects Model (REM); and Multinational Enterprises (MNEs);

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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