Productivity analysis in Asia-Pacific Economic Cooperation region: A multi-country translog comparative analysis, 1965-97

We employ the total factor productivity (TFP) index in growth accounting as a proxy for productivity growth to compare patterns and sources of output growth for a group of proximate countries in Asia-Pacific Economic Cooperation region. The estimates indicate that output growth has benefited from both TFP and factor input contributions albeit with differing magnitudes. Whereas TFP and capital are the dominant contributors to output growth in Japan and the tiger economies, capital and labour emerge as the dominant contributors in the baby tiger economies. In addition, Japanese productivity has on the average been growing over the past decade. It also emerges that foreign direct investment may be playing a prominent role of promoting the contribution of TFP.

Economic and political determinants of the effects of FDI on growth in transition and developing countries

This study investigates the role of human capital, political development in determining the magnitude of the effects of FDI on growth for a panel of 61 transition and developing countries for the period 1989 to 2013. A baseline growth model incorporating these variables is tested and then extended to include FDI interaction effects with human capital (measured using secondary school enrolment data) and political development (based upon EIU Democracy Index scores). These growth interaction effects between FDI and human capital vary according to regime type. Political development in conjunction with FDI appears to suppress the effects of FDI on growth in authoritarian countries while enhancing them in hybrid democracies. For more democratic countries, domestic investment is a more important driver of growth. The effects of FDI on growth in the ten Transition economies included in the sample dataset are found to be insignificant. Although this result might seem to differ from a priori expectations, it is in line with the findings of most earlier studies which cover the period up until 2004. The paper also provides no strong evidence that a critical threshold of human capital is required to generate beneficial spillover growth effects from inflows of FDI. The paper provides new and more detailed insights into the effects of FDI on growth with particular respect to human capital and political regime covering a large number of transition and developing countries based upon an up to date dataset covering a twenty-five year period to 2013

European foreign direct investment determinants in the ASEAN manufacturing sectors A comparative case study for Thailand, 1969-1997

Available from British Library Document Supply Centre-DSC:9350.9281(2000-03) / BLDSC - British Library Document Supply CentreSIGLEGBUnited Kingdo

The interaction between FDI, output and the spillover variables: co-integration and VAR analyses for APEC, 1965-1999

In this empirical study, it is considered whether FDI has directly induced long-run effects on output in a selection of East Asian countries or whether such an influence, if any, has been transmitted indirectly through spillover effects. The Johansen cointegration methodology and resultant VECs are employed, and the use of that methodology within a panel framework tested. Equal evidence of negative and positive direct significant long-run relationship between FDI and output in the countries is found in the sample. In addition, indirect spillovers effects are found, which are positive for some country variables and negative for others. There is also an indication that the statistically significant positive spillovers occur in the economically less developed countries.

FDI locational determinants and the linkage between FDI and other macro-economic factors Long-run dynamics in Pacific Asia

SIGLEAvailable from British Library Document Supply Centre-DSC:9350.9281(2000-04) / BLDSC - British Library Document Supply CentreGBUnited Kingdo