Impact of Economic Integration on Foreign Direct Investment into ASEAN5

Authors

  • Siew-Yong Yew University of Malaya
  • Chen-Chen Yong University of Malaya
  • Hui-Boon Tan University of Nottingham Malaysia Campus

Keywords:

Economic integration, foreign direct investment, panel analysis

Abstract

The paper aims to analyse the relationship between economic integration and FDI for ASEAN5, namely Indonesia, Malaysia, Philippines, Singapore and Thailand through panel analysis. In order to compete. in the face of the two regional growing giants, China and India, it is crucial to identify and understand the determinants of FDI flowing into the regional trade area (RTA), in particular, whether economic integration to form a larger entity, does contribute to FDI inflow. FDI inflow into ASEAN5 was thought to be profit-seeking in nature. This study finds that FDI inflow into ASEAN5 is more market-seeking. This may result from the growing internal markets of ASEAN5.

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Author Biographies

Siew-Yong Yew, University of Malaya

Faculty of Economics and Administration, University of Malaya

Chen-Chen Yong, University of Malaya

Institute of China Studies, University of Malaya

Hui-Boon Tan, University of Nottingham Malaysia Campus

Business School, The University of Nottingham Malaysia Campus

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Published

2017-06-02

Issue

Vol. 47 No. 1: June 2010

Section

Articles