You are not currently logged in.
Access JSTOR through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
The Impact of Regional Integration and Third-Country Effects on FDI: Evidence from ASEAN
Nathapornpan Piyaareekul Uttama and Nicolas Peridy
ASEAN Economic Bulletin
Vol. 26, No. 3 (December 2009), pp. 239-252
Published by: ISEAS - Yusof Ishak Institute
Stable URL: http://www.jstor.org/stable/41317067
Page Count: 14
You can always find the topics here!Topics: Endowments, Economic models, Market potential, Unskilled labor, Skilled labor, Financial investments, Economic capital, Tariffs, Human capital, Manufacturing industries
Were these topics helpful?See somethings inaccurate? Let us know!
Select the topics that are inaccurate.
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
This paper is aimed at providing a better understanding of FDI determinants in the main ASEAN countries through new developments in FDI theories. This paper simultaneously explores bilateral, third-country as well as regional integration as determinants for FDI. As an extension to the exisiting literature, it first proposes a theoretical framework which builds on and extends the work ofBaltagi, Egger, and Pfaffermayr (2007) by including the impact of regional integration. The theoretical model is then tested empirically for FDI flows from the United States to five ASEAN countries, i. e., Singapore, Malaysia, Thailand, Indonesia and Philippines, over the period 1995-2007 for fifteen industries. Alternative panel data models are considered, especially models with spatially correlated residuals. The results show that third-country effects and regional integration are significant determinants of FDI in ASEAN countries, especially for vertical and complex vertical FDI.
ASEAN Economic Bulletin © 2009 ISEAS - Yusof Ishak Institute