US FDI flows to ASEAN-5: Do Geographic Neighbors Matter?

F. Kemegue () and Ramesh Mohan ()

Applied Econometrics and International Development, 2009, vol. 9, issue 1

Abstract: This paper investigates the possibility of interdependence between flows of US FDI to the ASEAN region. The study incorporates information asymmetry into an FDI model to examine the influence of geographic neighbors on new flows of FDI from the United States. Spillovers are modeled using the cost structure of a multinational investing in a region where US firms are already present. The results show that there are negative spillovers of US FDI in the ASEAN region affecting mostly the non-manufacturing sector.

Keywords: Foreign Direct Investment; Spillovers. (search for similar items in EconPapers)
JEL-codes: C33 F21 F23 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Working Paper: US FDI flows to ASEAN-5: Do Geographic Neighbors Matter? (2007)
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