Impact of foreign direct investment volatility on economic growth of asean-5 countries

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Chee-keong Choong; Venus khim-sen Liew;
(2009)
  • Journal: Economics Bulletin,volume 29,issue 3,pages1,829-1,841
  • Subject: Foreign direct investment, economic growth, volatility, cointegration, ASEAN, ARDL
    • jel: jel:F0 | jel:F3

This study examines the impact of volatility of FDI, rather than its level on the economic growth of ASEAN-5 countries. Using bounds testing approach, we show that FDI volatility retards long-run economic growth in Indonesia, Malaysia, the Philippines and Thailand. Our ... View more
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