Impact of the quality of Governance on FDI Inflows: Empirical Evidence from ASEAN Countries
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Abstract
The purpose of this paper is to investigate the effect of governance indicators (political stability, control of corruption, rule of law, regularity quality, voice and accountability and government effectiveness) on foreign direct investment (FDI) inflows to Asian countries. The authors employed an unbalanced panel regression model on data from Asian countries for the period 2000 to 2018. While controlling for standard FDI variables, the results provide that the political stability and absence of violence, voice and accountability, government effectiveness are correlated with FDI.
Tóm tắt
Mục tiêu của nghiên cứu là xác định tác động của hiệu quả quản trị nhà nước (bao gồm: ổn định chính trị, kiểm soát tham nhũng, pháp quyền, chất lượng điều hành, quyền phát ngôn và trách nhiệm giải trình, hiệu quả chính quyền) đến thu hút vốn đầu tư trực tiếp nước ngoài ở các quốc gia Đông Nam Á giai đoạn 2000-2018. Khi kiểm soát các yếu tố khác có tác động đến FDI, kết quả nghiên cứu đã cho thấy sự ổn định chính trị, quyền phát ngôn và trách nhiệm giải trình, hiệu quả chính quyền là những yếu tố có ảnh hưởng đến thu hút vốn đầu tư trực tiếp nước ngoài ở các quốc gia Đông Nam Á trong giai đoạn nghiên cứu.
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