Inward FDI in East Asian & Pacific Developing Countries due to WTO Led Liberalisation
Business & Economic Review, 2017, vol. 9, issue 2, 1-20
This research paper evaluates the relative significance of World Trade Organisation (WTO) accession in general and that of WTO led liberalisation in particular in increasing an East Asian and Pacific (EAP) developing country’s desirability for foreign direct investors. Other FDI influencing factors such as economic development, macroeconomic stability, trade agreements, host market size, financial development and existence of intellectual property rights standards are also taken into consideration. Through the utilisation of annual aggregate observations for twenty eight years i-e 1988-2015, for a panel of eleven EAP developing countries, it was established that trade and investment liberalization, as well as size of local market, its extent of development, low inflation, steady depreciation of host currency and stringent IPR makes these developing nation states from East Asia and Pacific region more attractive for multinational investment. In contrast, trade agreements and financial development, though very important conventional FDI location pull factors, were insignificant in all the regression models. Moreover, it was established through the fixed and random effect panel estimation techniques that these findings are robust to the use of different empirical panel valuation methods.
Keywords: Liberalisation; FDI; WTO; East Asia and Pacific Developing Nations (search for similar items in EconPapers)
JEL-codes: C33 F13 F15 F23 F65 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bec:imsber:v:9:y:2017:i:2:p:1-20
Access Statistics for this article
More articles in Business & Economic Review from Institute of Management Sciences, Peshawar, Pakistan Institute of Management Sciences 1-A, Sector E-5, Phase VII, Hayatabad, Peshawar- Pakistan. Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Attaullah Shah ().