Determinan Investasi Negara Amerika Serikat ke Negara Anggota Organisasi Kerjasama Islam tahun 1991-2016

Kengkeng Vebriadi and Muh Rudi Nugroho ()
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Kengkeng Vebriadi: Universitas Islam Negeri Sunan Kalijaga Yogyakarta
Muh Rudi Nugroho: Universitas Islam Negeri Sunan Kalijaga Yogyakarta

EkBis: Jurnal Ekonomi dan Bisnis, 2018, vol. 2, issue 2, 114-136

Abstract: This study aims to analyze the factors that have become the motives and behavior of United States (US) outward foreign direct investment (OFDI) to four samples of member countries of Islamic Cooperation Organization (OIC). The OFDI motives of US are classified into market seeking, efficiency seeking, and resource seeking. While OFDI behavior in US is divided into two, namely complementary to export or substitution to export. The analysis technique used is Error Correction Model (ECM). The results of this study indicate that in the long term there are known market seeking motives of US OFDI to Turkey and Malaysia. In the long term, there are known efficiency seeking motives of US OFDI to Saudi Arabia and Indonesia. In the short term, market seeking and efficiency seeking motives of US only exist in Turkey. Whereas resource seeking motives of Unite States OFDI are not found in four samples of OIC member countries both in the long term and in the short term. As for the behavior of US OFDI it is known that US in the long term and short-term complementary behavior toward US export to three samples of OIC member countries (Saudi Arabia, Indonesia, and Malaysia). On the contrary, US OFDI in the long term and short-term substitution toward the export of US to Turkey.

Keywords: Market seeking; Efficiency seeking; Resource seeking; Complementary and substitution (search for similar items in EconPapers)
JEL-codes: F20 F21 F23 (search for similar items in EconPapers)
Date: 2018
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