چکیده:
his study examines the dynamic relationship between foreign directinvestment (FDI) and total factor productivity having controlled for other channels of external openness: exports and imports in four ASEAN countries: Indonesia, Malaysia, Singapore, and Thailand. We employ the panel data analysis PDA (fixed effect and dynamic panel models) as well as the panel cointegration and Granger causality methods, using the data set for the period 1975-2010. The empirical results provide strong evidence on the impact of FDI and other channels of external openness on total factor productivity in ASEAN countries. We also find a short run and long run causality among these variables during the period of our study
خلاصه ماشینی:
"Foreign Knowledge Spillovers and Total Factor Productivity Growth: Evidence from Four ASEAN Countries Mohammad Sharif Karimi*1, Andrzej Cieślik2 Received: April 9, 2016 Accepted: December 31, 2016 Abstract his study examines the dynamic relationship between foreign directinvestment (FDI) and total factor productivity having controlled for other channels of external openness: exports and imports in four ASEAN countries: Indonesia, Malaysia, Singapore, and Thailand.
The main aim of this paper is to study the relationship between FDI and total factor productivity in the host country, having controlled for some additional channels of external openness, such as exports and imports in four ASEAN countries: Indonesia, Malaysia, Singapore, and Thailand.
These include, among others, variables such as exports of goods and services, manufacturing value added, gross capital formation that can be related to domestic knowledge spillovers resulting from the manufacturing activity or from learning-by-investing, some additional measures of international openness such as manufactures imports, the share of FDI in capital and telephone lines density capturing informational spillovers (see, for example, Akinlo,2006).
To provide comparison with some earlier empirical studies, such as Liu (2008), to seek for the empirical evidence on the nexus between spillovers from FDI and productivity we start with estimating the following econometric static model in levels: lnTFPij = 0 + 1 ln + 2 + + (3) where u denotes the unobservable country-specific effect and ε denotes the remainder stochastic disturbance.
Static Model Following our discussion in the previous sections, if FDI serves as a vehicle of foreign knowledge diffusion this must be reflected in its positive effect on the total factor productivity in the host economy."