Prague Economic Papers 2018, 27(2):215-231 | DOI: 10.18267/j.pep.652

The Determinants of Inward FDI in Selected ServiceS Industries in MalaysiA

Tham Siew Yean1, Andrew Jia-Yi Kam2, Nirwan bin Noh3
1 ISEAS-Yusof Ishak Institute, Singapore; Institute of Malaysian and International Studies (IKMAS), Universiti Kebangsaan Malaysia, Bangi, Selangor, Malaysia (siew_yean@iseas.edu.sg; tham@ukm.edu.my)
2 Institute of Malaysian and International Studies, Universiti Kebangsaan Malaysia, Bangi, Selangor, Malaysia (cchizz@yahoo.com / andrew@ukm.edu.my)
3 Ministry of Finance Malaysia / Institute of Malaysian and Inter-national Studies, Universiti Kebangsaan Malaysia, Bangi, Selangor, Malaysia (nirwan.noh@treasury.gov.my)

In its drive to achieve a high-income country status, Malaysia aspires to attract more private investment into the services sector. However, empirical studies on the determinants of foreign direct investment (FDI), especially in the services sector, are sparse, even more so at the industry level. The location theory asserts that FDI inflows into a host country are determined by variables related to resources, infrastructure, market conditions, cost and business environment. This paper investigates the validity of the location theory on Malaysia using a set of panel data for eight services industries from 2003 to 2010. We find that at the industry level, market size, ICT infrastructure and human capital have significantly influenced FDI inflows into the services sector. However, the impact of FDI liberalisation is not significant compared to the dynamic changes of the other variables as progress in FDI liberalization is slow and limited.

Klíčová slova: services sector, services liberalisation, foreign direct investment, panel data, Malaysia
JEL classification: C40, F14, F23, L80, O19

Zveřejněno: 1. duben 2018  Zobrazit citaci

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Yean, T.S., Kam, A.J., & bin Noh, N. (2018). The Determinants of Inward FDI in Selected ServiceS Industries in MalaysiA. Prague Economic Papers, 27(2), 215-231. doi: 10.18267/j.pep.652
Stáhnout citaci
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Zobrazit celý článek

    Reference

    1. Banga, R. (2005). Trade and Investment in Services: A Review. Indian Council for Research on International Economic Relations (ICRIER). New Delhi Working Paper No. 154.
    2. Bebko, C. P. (2000). Service Intangibility and Its Impact on Consumer Expectations of Service Quality. Journal of Services Marketing, 14(1), 10-25, https://doi.org/10.1108/08876040010309185 Přejít k původnímu zdroji...
    3. Blonigen, B. B. (2005). A Review of the Empirical Literature on FDI Determinants. Atlantic Economic Journal, 33(4), 383-403, https://doi.org/10.1007/s11293-005-2868-9 Přejít k původnímu zdroji...
    4. Braconier, H., Norback, P., Urban, D. (2005). Multinational Enterprises and Wage Costs: Vertical FDI Revisited. Journal of International Economics, 67(2), 446-470, https://doi.org/10.1016/j.jinteco.2004.08.011 Přejít k původnímu zdroji...
    5. Carlberg, C. G. (2002). Business Analysis with Microsoft Excel. Indianapolis, Indiana: Que Publishing. ISBN 9780789725523.
    6. Cheng, L. K., Kwan, Y. K. (2000). What Are the Determinants of the Location of Foreign Direct Investment? The Chinese Experience. Journal of International Economics, 51(2), 379-400, https://doi.org/10.1016/s0022-1996(99)00032-x Přejít k původnímu zdroji...
    7. Cossy, M. (2006). Determining "Likeness" under the GATS: Squaring the Circle? WTO. Geneva Staff Working Paper ERSD-2006-08, https://doi.org/10.2139/ssrn.935213 Přejít k původnímu zdroji...
    8. Dee, P. (2014). Does AFAS Have Bite? Comparing Services Trade Commitments with Actual Practice. Journal of Asian Economics, 35(c), 46-64, https://doi.org/10.1016/j.asieco.2014.09.003 Přejít k původnímu zdroji...
    9. Dee, P., Hanslow, K., Phamduc, T. (2000). Measuring the Cost of Barriers to Trade in Services. Eleventh Annual NBER East Asian Seminar, 22-24 June 2000, Seoul.
    10. Department of Statistics Malaysia (2011). Statistics of Graduates in the Labour Force Malaysia.
    11. Dunning, J. H., Lundan, S. M. (2008). The Future of MNEs in a Global Economy: Multinational Enterprises and the Global Economy, Cheltenham, Edward Elgar.
    12. Dunning, J. H. (1973). The Determinants of International Production. Oxford Economic Papers, 25(3), 289-336, https://doi.org/10.1093/oxfordjournals.oep.a041261 Přejít k původnímu zdroji...
    13. Economic Planning Unit (EPU) (2015). Services Sector Blueprint. Putrajaya: EPU.
    14. Feng, Y. (2011). Foreign Direct Investment in Chinese Service Industry: Effects and Determinants. China: An International Journal, 9(1), 144-163, https://doi.org/10.1142/s0219747211000082 Přejít k původnímu zdroji...
    15. Francois, J., Hoekman, B. (2010). Services Trade and Policy. Journal of Economic Literature, 48(3), 642-692, https://doi.org/10.1257/jel.48.3.642 Přejít k původnímu zdroji...
    16. Fukao, K., Ito, K. (2005). Foreign Direct Investment and Trade in Japan: An Empirical Analysis Based on the Establishment and Enterprise Census for 1996. Journal of the Japanese and International Economies, 19(3), 415-455, https://doi.org/10.1016/j.jjie.2004.05.002 Přejít k původnímu zdroji...
    17. Greene, W. H. (2002). Econometric Analysis. New Jersey: Prentice Hall. ISBN 978-0130661890. Přejít k původnímu zdroji...
    18. Hardin, A., Holmes, L. (1997). Service Trade and Foreign Direct Investment. Productivity Commission. Canberra Australian Productivity Commission Working Paper.
    19. Jomo, K. S. (2007). Industrialization and Industrial Policy in Malaysia. Dlm. Jomo, K. S. (pnyt.). Malaysian Industrial Policy, hlm. 1-34. Singapore: NUS Press.
    20. Kolstad, I., Villanger, E. (2008). Determinants of Foreign Direct Investment in Services. European Journal of Political Economy, 24(2), 518-533, https://doi.org/10.1016/j.ejpoleco.2007.09.001 Přejít k původnímu zdroji...
    21. Koyama, T., Golub. S. G. (2006). OECD"s FDI Regulatory Restrictiveness Index: Revision and Extension to More Economies. OECD Papers, 6(13), 1-20.
    22. Magdeleine, J., Maurer, A. (2008). Measuring GATS Mode 4 Trade Flows. WTO. Geneva Staff Working Paper ERSD-2008-05, https://doi.org/10.2139/ssrn.1291090 Přejít k původnímu zdroji...
    23. Mankiw, G. N. (2009). Principles of Economics, Volume 1. Mason, OH: South-Western Cengage Learning.
    24. Noh, N., Tham, S.Y. (2012). Quantifying Barriers to Trade in Services Through Commercial Presence: Selected Services in Malaysia. International Journal of Economics and Finance Studies, 4(2), 149-158.
    25. Noorbakhsh, F., Paloni, A., Youssef, A. (2001). Human Capital and FDI Inflows to Developing Countries: New Empirical Evidence. World Development, 29(9), 1593-1610, https://doi.org/10.1016/s0305-750x(01)00054-7 Přejít k původnímu zdroji...
    26. Nunnenkamp, P. (2002). Determinants of FDI in Developing Countries: Has Globalization Changed the Rules of the Game? Kiel Institute for World Economics. Duesternbrooker Kiel, Working Paper No. 1122.
    27. OECD (2007). Towards a Services Trade Restrictiveness Index: A Proposal for a Road Map for future Trade Committee Work on Services. Paris: OECD.
    28. Ramasamy, B., Yeung, M. (2010). The Determinants of Foreign Direct Investment in Services. World Economy, 33(4), 573-596, https://doi.org/10.1111/j.1467-9701.2009.01256.x Přejít k původnímu zdroji...
    29. Stephenson, S. M. (2001). Non-Tariff Barriers and the Telecommunications Sector. Trade, Investment and Competition Policies in the Global Economy: The Case of the International Telecommunications Regime, Rome.
    30. UNCTAD (2006). Measuring Restrictions on FDI in Services in Developing Countries and Transition Economies. Geneva: United Nations.
    31. United Nations (1999). Handbook of Input-Output Table Compilation and Analysis. New York: United Nations.
    32. World Bank (2009). World Development Report 2009: Reshaping Economic Geography. Washington D. C.: The World Bank.
    33. WTO (2010). Trade Policy Review Malaysia 2006-2010. Geneva: World Trade Organization.
    34. Yang, J. Y. Y., Groenewold, N., Tcha, M. (2000). The Determinants of Foreign Direct Investment in Australia. Economic Record, 76(232), 45-54, https://doi.org/10.1111/j.1475-4932.2000.tb00004.x Přejít k původnímu zdroji...
    35. Yeo T. D., Yoon Y., Lee M. H., Lee C. Y. (2008). An Empirical Study on the Determinants of Foreign Direct Investment into Korean Service Industry, In Fourth Annual APEA Conference, Central University of Finance and Economics, Beijing, China, 13-14 December 2008.

    Tento článek je publikován v režimu tzv. otevřeného přístupu k vědeckým informacím (Open Access), který je distribuován pod licencí Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), která umožňuje nekomerční distribuci, reprodukci a změny, pokud je původní dílo řádně ocitováno. Není povolena distribuce, reprodukce nebo změna, která není v souladu s podmínkami této licence.


    Zpět na obsah