Outward FDI and home country economic growth: a Malaysian case

Koi Wong

No 56-10, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: This paper attempts to explore the causality relationship between outward foreign direct investment (OFDI) and home country economic growth using Malaysia as a case. The main findings do not advocate the OFDI-led growth hypothesis. In order to promote OFDI-led growth, the home government should prepare the private sector for increasing competition in the era of globalization so that linkages can be forged with Malaysian multinationals, and to facilitate home sourcing for OFDI activities. However, the study reveals the evidence of growth-led OFDI, which conforms to the investment development path theory that can potentially internationalize business activities of Malaysian firms abroad.

JEL-codes: F21 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2010-05
New Economics Papers: this item is included in nep-fdg and nep-sea
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Citations: View citations in EconPapers (2)

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