Impact of Regional Economic Integration on FDI in SAARC Countries

Purpose: The empirical literature is inconclusive regarding whether some regions are more effective than others at attracting Foreign Direct Investment (FDI). The article aims to ascertain the effect of regional economic integration on FDI in SAARC member countries from 1998 to 2017. Design/Meth...

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Main Author: Jai Kumar
Format: Article
Language:English
Published: CSRC Publishing 2022-03-01
Series:Journal of Accounting and Finance in Emerging Economies
Subjects:
Online Access:https://www.publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2191
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author Jai Kumar
author_facet Jai Kumar
author_sort Jai Kumar
collection DOAJ
description Purpose: The empirical literature is inconclusive regarding whether some regions are more effective than others at attracting Foreign Direct Investment (FDI). The article aims to ascertain the effect of regional economic integration on FDI in SAARC member countries from 1998 to 2017. Design/Methodology/Approach: Mix research technique has been used. While qualitative research entails in-depth literature readings and reports, quantitative analysis entails presenting data via graphs and tables. Findings: Findings suggest a significant positive connection between FDI and regional integration in the SAARC economies. While regional integration has a vital role in increasing SAARC's share of global commerce, it has increased FDI inflows and its share in Asia and the world. As a result, while we cannot overlook both classic and non-traditional economic factors affecting FDI, regional integration may play a critical role in fostering FDI growth. Implications/Originality/Value: By boosting cross-border investment, regional cooperation will allow businesses, particularly those from smaller nations, to expand their size and capabilities to compete worldwide. It can also aid in increasing efficiency and reforming industries. SAARC countries must make significant progress toward integration.
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spelling doaj.art-f374ab21d616476e9cd7e7f18c5615592022-12-22T02:09:22ZengCSRC PublishingJournal of Accounting and Finance in Emerging Economies2519-03182518-84882022-03-018110.26710/jafee.v8i1.2191Impact of Regional Economic Integration on FDI in SAARC CountriesJai Kumar0Jilin University, Changchun 130012, China Purpose: The empirical literature is inconclusive regarding whether some regions are more effective than others at attracting Foreign Direct Investment (FDI). The article aims to ascertain the effect of regional economic integration on FDI in SAARC member countries from 1998 to 2017. Design/Methodology/Approach: Mix research technique has been used. While qualitative research entails in-depth literature readings and reports, quantitative analysis entails presenting data via graphs and tables. Findings: Findings suggest a significant positive connection between FDI and regional integration in the SAARC economies. While regional integration has a vital role in increasing SAARC's share of global commerce, it has increased FDI inflows and its share in Asia and the world. As a result, while we cannot overlook both classic and non-traditional economic factors affecting FDI, regional integration may play a critical role in fostering FDI growth. Implications/Originality/Value: By boosting cross-border investment, regional cooperation will allow businesses, particularly those from smaller nations, to expand their size and capabilities to compete worldwide. It can also aid in increasing efficiency and reforming industries. SAARC countries must make significant progress toward integration. https://www.publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2191Regional economic integrationFDI,SAARCRTA’s
spellingShingle Jai Kumar
Impact of Regional Economic Integration on FDI in SAARC Countries
Journal of Accounting and Finance in Emerging Economies
Regional economic integration
FDI,
SAARC
RTA’s
title Impact of Regional Economic Integration on FDI in SAARC Countries
title_full Impact of Regional Economic Integration on FDI in SAARC Countries
title_fullStr Impact of Regional Economic Integration on FDI in SAARC Countries
title_full_unstemmed Impact of Regional Economic Integration on FDI in SAARC Countries
title_short Impact of Regional Economic Integration on FDI in SAARC Countries
title_sort impact of regional economic integration on fdi in saarc countries
topic Regional economic integration
FDI,
SAARC
RTA’s
url https://www.publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2191
work_keys_str_mv AT jaikumar impactofregionaleconomicintegrationonfdiinsaarccountries