Determinants of Singapores Outward FDI

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Apr 2016 English Publisher:ISEAS - Yusof Ishak InstituteJournal:Southeast Asian Economies, volume 33, pages 23-40 (issn: 2339-5095,

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Authors: Cassey Lee; Chew Ging Lee; Michael Yeo;

doi: 10.1355/ae33-1b , 10.1353/ase.2016.0012

Determinants of Singapores Outward FDI

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Abstract

Outward foreign direct investment (OFDI) has been an important element in Singapore’s economic strategy since the 1990s, with the government providing direct and indirect support to the internationalization process. Recent OFDI trends indicate that China has become an important destination for Singapore. In ASEAN, Singapore’s main investment markets are Indonesia, Malaysia and Thailand. Singapore’s OFDI has important sectoral dimensions, supported by evidence from econometric analysis. It is also important to distinguish between OFDI stock and flows.

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