Free Market Institutions and FDI Performance in Emerging Asian Economies
This paper examines long-term developments in the quality and efficiency of free market institutional systems across thirteen emerging economies from South, South-east, and East Asia over the 1995–2014 period. The paper also empirically assesses the impact of free market institutions on a country’s...
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| Format: | Article |
| Language: | English |
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Sciendo
2016-12-01
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| Series: | International Journal of Management and Economics |
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| Online Access: | https://doi.org/10.1515/ijme-2016-0026 |
| _version_ | 1818335523697065984 |
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| author | Vogiatzoglou Klimis |
| author_facet | Vogiatzoglou Klimis |
| author_sort | Vogiatzoglou Klimis |
| collection | DOAJ |
| description | This paper examines long-term developments in the quality and efficiency of free market institutional systems across thirteen emerging economies from South, South-east, and East Asia over the 1995–2014 period. The paper also empirically assesses the impact of free market institutions on a country’s inward foreign direct investment (FDI) performance. We find that the free market institutional framework in most economies is still relatively inefficient, restrictive, and underdeveloped but has, nevertheless, substantially improved during the last twenty-year period. Our empirical results also indicate that a free market institutional system in a host-country is a factor that attracts inward FDI to emerging Asian economies by multinational companies. Consequently, policy makers should focus on further improving the quality of free market institutions. |
| first_indexed | 2024-12-13T14:24:47Z |
| format | Article |
| id | doaj.art-68be4f1212514b79898ad41d121c3aaa |
| institution | Directory Open Access Journal |
| issn | 2299-9701 |
| language | English |
| last_indexed | 2024-12-13T14:24:47Z |
| publishDate | 2016-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | International Journal of Management and Economics |
| spelling | doaj.art-68be4f1212514b79898ad41d121c3aaa2022-12-21T23:41:57ZengSciendoInternational Journal of Management and Economics2299-97012016-12-01521435810.1515/ijme-2016-0026ijme-2016-0026Free Market Institutions and FDI Performance in Emerging Asian EconomiesVogiatzoglou Klimis0Faculty of Economics and Commerce, Hoa Sen University, Ho Chi Minh City, Viet NamThis paper examines long-term developments in the quality and efficiency of free market institutional systems across thirteen emerging economies from South, South-east, and East Asia over the 1995–2014 period. The paper also empirically assesses the impact of free market institutions on a country’s inward foreign direct investment (FDI) performance. We find that the free market institutional framework in most economies is still relatively inefficient, restrictive, and underdeveloped but has, nevertheless, substantially improved during the last twenty-year period. Our empirical results also indicate that a free market institutional system in a host-country is a factor that attracts inward FDI to emerging Asian economies by multinational companies. Consequently, policy makers should focus on further improving the quality of free market institutions.https://doi.org/10.1515/ijme-2016-0026economic institutionsmultinationalsfdiasiadeveloping countriesp14p48f21f23o53 |
| spellingShingle | Vogiatzoglou Klimis Free Market Institutions and FDI Performance in Emerging Asian Economies International Journal of Management and Economics economic institutions multinationals fdi asia developing countries p14 p48 f21 f23 o53 |
| title | Free Market Institutions and FDI Performance in Emerging Asian Economies |
| title_full | Free Market Institutions and FDI Performance in Emerging Asian Economies |
| title_fullStr | Free Market Institutions and FDI Performance in Emerging Asian Economies |
| title_full_unstemmed | Free Market Institutions and FDI Performance in Emerging Asian Economies |
| title_short | Free Market Institutions and FDI Performance in Emerging Asian Economies |
| title_sort | free market institutions and fdi performance in emerging asian economies |
| topic | economic institutions multinationals fdi asia developing countries p14 p48 f21 f23 o53 |
| url | https://doi.org/10.1515/ijme-2016-0026 |
| work_keys_str_mv | AT vogiatzoglouklimis freemarketinstitutionsandfdiperformanceinemergingasianeconomies |