Impacts of remittances on foreign direct investment in South East Asia - An empirical investigation

Authors

  • Pham Dinh Long
    Ho Chi Minh City Open University, Vietnam
  • Nguyen Van Duc
    Thaison Company, Vietnam

DOI:

10.46223/HCMCOUJS.econ.en.7.2.187.2017

Keywords:

Foreign direct investment; Market size; Remittances; South East Asia.

Abstract

This study investigates the effects of remittances on attracting foreign direct investment flows to South East Asia. Using a balanced panel data set for seven countries in the 2000-2013 period, we find that remittances have a direct positive impact on attracting FDI. Significantly, the result also shows a negative correlation between remittances and FDI attraction in countries with low per capita income and small market size.

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References

Acosta, P., Calderon, C., Fajnzylber, P., & Lopez, H. (2008). What is the impact of international remittances on poverty and inequality in Latin America? World Development, 36(1), 89–114. doi: 10.1016/j.worlddev.2007.02.016

Acosta, P. A., Lartey, E. K. K., & Mandelman, F. S. (2009). Remittances and Dutch disease. Journal of International Economics, 79(1), 102–116. doi: 10.1016/j.jinteco.2009.06.007

Adams Jr, R. H., & Page, J. (2005). Do international migration and remittances reduce poverty in developing countries? World Development, 33(10), 1645–1669. doi: 10.1016/j.worlddev.2005.05.004

Agosin, M., & Machado, A. (2006). Openness and the international allocation of foreign direct investment. Journal of Development Studies, 43(7), 1234-1247. doi: 10.1080/00220380701526410

Akamatsu, K. (1962). Historical pattern of economic growth in developing countries. The Developing Economies, 1, 3-25

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Received: 14-04-2020
Accepted: 14-04-2020
Published: 01-11-2017

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How to Cite

Long, P. D., & Duc, N. V. (2017). Impacts of remittances on foreign direct investment in South East Asia - An empirical investigation. Ho Chi Minh City Open University Journal of Science - Economics and Business Administration, 7(2), 75–81. https://doi.org/10.46223/HCMCOUJS.econ.en.7.2.187.2017

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Copyright (c) 2017 Pham Dinh Long; Nguyen Van Duc

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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