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Type: Journal article
Title: The impact of regulatory quality on intra-foreign direct investment flows in the ASEAN markets
Author: Rammal, H.
Zurbrugg, R.
Citation: International Business Review, 2006; 15(4):401-414
Publisher: Pergamon
Issue Date: 2006
ISSN: 0969-5931
Statement of
Hussain Gulzar Rammal and Ralf Zurbruegg
Abstract: Using a panel data set containing information on FDI flows from home to host countries, this paper examines the impact of changes in the quality of government regulatory effectiveness and governance practices upon the direction of outward FDI flows between five ASEAN economies of Indonesia, Malaysia, Philippines, Singapore, and Thailand. The results show that a deterioration in the effectiveness and enforcement of investment regulations (such as price controls and excessive regulation in foreign trade and business development) have an adverse effect upon intra-ASEAN FDI, and are significant factors in explaining the recent downward trend in ASEAN FDI flows. These results are robust to changes in a number of controlling variables for various economic conditions that the extant FDI literature consider. Also, these results have several significant implications for future policy makers in recommending means to revitalize intra-ASEAN investment.
Keywords: Foreign direct investment policy; Investment incentives; Intra-ASEAN FDI
Description: Copyright © 2006 Elsevier Ltd All rights reserved.
RMID: 0020061188
DOI: 10.1016/j.ibusrev.2006.05.001
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Appears in Collections:Business School publications

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