The Contribution of Emerging Countries’ Outward Foreign Direct Investment to Home Countries’ Economic Growth

Bee Wah Tan, Chor Foon Tang () and Teck Khun Loo
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Bee Wah Tan: Universiti Utara Malaysia, Malaysia
Chor Foon Tang: Universiti Sains Malaysia, Malaysia
Teck Khun Loo: UOW Malaysia KDU Penang University College, Malaysia

Journal of Economic Development, 2024, vol. 49, issue 1, 63-71

Abstract: Using balanced panel data from 2000 to 2019 across 10 Southeast Asian economies, this study attempts to examine the effects of outward FDI and other factors on economic growth. FDI outflows, political stability, and savings have a positive impact on economic growth. Outward FDI is necessary for ASEAN's economic expansion because it facilitates knowledge and technology transfer, both of which are essential for sustainable growth. As such, the majority of the countries in Southeast Asia are embracing outward FDI with the goal of increasing productivity and, hence, promoting economic growth.

Keywords: ASEAN; Outward FDI; Economic Growth; Political Stability; Savings (search for similar items in EconPapers)
JEL-codes: E22 F21 F43 (search for similar items in EconPapers)
Date: 2024
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