GDP Growth and FDI Nexus in ASEAN-5 Countries: The Role of Macroeconomic Performances
Numerous papers have examined the effect of national income on FDI using cross-country data, including in developing countries. However, few papers focus on one specific region, particularly in ASEAN developing countries. This study analyzes the effect of GDP growth on FDI in ASEAN-5 countries from...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Universitas Negeri Semarang
2023-03-01
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| Series: | JEJAK: Jurnal Ekonomi dan Kebijakan |
| Subjects: | |
| Online Access: | https://journal.unnes.ac.id/nju/index.php/jejak/article/view/37247 |
| _version_ | 1827910090986881024 |
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| author | Cep Jandi Anwar Indra Suhendra Taufik Imansyah Vadilla Mutia zahara Tony Santika Chendrawan |
| author_facet | Cep Jandi Anwar Indra Suhendra Taufik Imansyah Vadilla Mutia zahara Tony Santika Chendrawan |
| author_sort | Cep Jandi Anwar |
| collection | DOAJ |
| description | Numerous papers have examined the effect of national income on FDI using cross-country data, including in developing countries. However, few papers focus on one specific region, particularly in ASEAN developing countries. This study analyzes the effect of GDP growth on FDI in ASEAN-5 countries from 2004 to 2019. Panel data regression with fixed effect estimation was performed to document the relationship between GDP growth and FDI. Using some macroeconomic control variables, the findings demonstrated that GDP growth has a positive and significant impact on the FDI. Additionally, the effects of the currency rate, trade openness, and inflation on FDI are positive. Therefore, macroeconomic performances such as GDP growth, exchange rate, trade openness, and inflation are the main factors attracting FDI in ASEAN-5 countries. |
| first_indexed | 2024-03-13T01:47:13Z |
| format | Article |
| id | doaj.art-12f691eeba774e0a944fee1efff114bc |
| institution | Directory Open Access Journal |
| issn | 2460-5123 |
| language | English |
| last_indexed | 2024-03-13T01:47:13Z |
| publishDate | 2023-03-01 |
| publisher | Universitas Negeri Semarang |
| record_format | Article |
| series | JEJAK: Jurnal Ekonomi dan Kebijakan |
| spelling | doaj.art-12f691eeba774e0a944fee1efff114bc2023-07-03T03:03:21ZengUniversitas Negeri SemarangJEJAK: Jurnal Ekonomi dan Kebijakan2460-51232023-03-0116110.15294/jejak.v16i1.3724713786GDP Growth and FDI Nexus in ASEAN-5 Countries: The Role of Macroeconomic PerformancesCep Jandi Anwar0Indra Suhendra1Taufik Imansyah2Vadilla Mutia zahara3Tony Santika Chendrawan4Universitas Sultan Ageng TirtayasaUniversitas Sultan Ageng TirtayasaUniversitas Sultan Ageng TirtayasaUniversitas Sultan Ageng TirtayasaUniversitas Sultan Ageng TirtayasaNumerous papers have examined the effect of national income on FDI using cross-country data, including in developing countries. However, few papers focus on one specific region, particularly in ASEAN developing countries. This study analyzes the effect of GDP growth on FDI in ASEAN-5 countries from 2004 to 2019. Panel data regression with fixed effect estimation was performed to document the relationship between GDP growth and FDI. Using some macroeconomic control variables, the findings demonstrated that GDP growth has a positive and significant impact on the FDI. Additionally, the effects of the currency rate, trade openness, and inflation on FDI are positive. Therefore, macroeconomic performances such as GDP growth, exchange rate, trade openness, and inflation are the main factors attracting FDI in ASEAN-5 countries.https://journal.unnes.ac.id/nju/index.php/jejak/article/view/37247gross domestic product growth, fdi, asean region, developing countries, panel data estimation |
| spellingShingle | Cep Jandi Anwar Indra Suhendra Taufik Imansyah Vadilla Mutia zahara Tony Santika Chendrawan GDP Growth and FDI Nexus in ASEAN-5 Countries: The Role of Macroeconomic Performances JEJAK: Jurnal Ekonomi dan Kebijakan gross domestic product growth, fdi, asean region, developing countries, panel data estimation |
| title | GDP Growth and FDI Nexus in ASEAN-5 Countries: The Role of Macroeconomic Performances |
| title_full | GDP Growth and FDI Nexus in ASEAN-5 Countries: The Role of Macroeconomic Performances |
| title_fullStr | GDP Growth and FDI Nexus in ASEAN-5 Countries: The Role of Macroeconomic Performances |
| title_full_unstemmed | GDP Growth and FDI Nexus in ASEAN-5 Countries: The Role of Macroeconomic Performances |
| title_short | GDP Growth and FDI Nexus in ASEAN-5 Countries: The Role of Macroeconomic Performances |
| title_sort | gdp growth and fdi nexus in asean 5 countries the role of macroeconomic performances |
| topic | gross domestic product growth, fdi, asean region, developing countries, panel data estimation |
| url | https://journal.unnes.ac.id/nju/index.php/jejak/article/view/37247 |
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