Determinants of Intra-Region and Extra-Region Foreign Direct Investment Inflow in ASEAN: A Spatial Econometric Analysis

Hoang, Hong Hiep; Goujon, Michaël

doi:10.1007/s12061-018-9280-8

Cited by 14 publications

(15 citation statements)

References 53 publications

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“…For instance, EMC and YML (KAO-MING) participated in Ocean Alliance and THE Alliance, respectively; APL/CMA and OOCL/COSCO joined in Ocean Alliance. It is argued that shipping alliances help reduce operational costs, such as fuel costs, repair and maintenance costs, through sharing resources like networks, 34 port terminals, 20 and ships along specific routes. 17,38 The next significant gap is the number of shipping carriers (PE4).…”

Section: Ecs' Importance Weights For Terminal Operatorsmentioning

confidence: 99%

Assessing the investment environment in container terminals: A knowledge gap model

Hsu

Huynh

et al. 2022

Proceedings of the Institution of Mechanical Engineers, Part M:

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This paper aims to evaluate the investment environment in container terminals (CTs) in one seaport from the attitudes of both terminal operators (TOs) and port companies (PCs). Evaluation criteria (ECs) regarding the investment environment in CTs are first created based on the prior literature and the CTs’ operational characteristics. A knowledge gap model based on an improved fuzzy AHP approach is then developed to assess the perceived differences on the ECs between TOs and PCs, by which the PCs managers could formulate practical policies to improve their investment environment in CTs. As an empirical study, the Taiwan International Port Corporation (TIPC) and its terminal operators in Kaohsiung port are examined to verify the research model. Results indicate that ECs with higher knowledge gap for TIPC include: Intra-port coopetition, Number of shipping carriers, and Business tax. Based on the result, theoretical and managerial implications are discussed.

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Section: Ecs' Importance Weights For Terminal Operatorsmentioning

confidence: 99%

Assessing the investment environment in container terminals: A knowledge gap model

Hsu

Huynh

et al. 2022

Proceedings of the Institution of Mechanical Engineers, Part M:

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“…Also, some papers apply Blonigen et al's approach to investigate spatial linkages at sub‐national (e.g., regional) level, such as Ledyaeva (2009), Sharma, Wang, and Sunny Wong (2014), Hoang and Goujon (2014, 2019), Esiyok and Ugur (2017), and Gutiérrez‐Portilla, Maza, and Villaverde (2019b). There is a clear reason justifying a regional approach: the fact that this type of linkages is stronger the higher the level of data disaggregation, namely the smaller the unit of analysis.…”

Section: Introductionmentioning

confidence: 99%

On the drivers of UK direct investment in the Spanish regions: A spatial Durbin approach

2020

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This paper empirically examines the key factors driving UK direct investment in the Spanish regions over the period 2000–2016 and, consequently, tries to unveil its main motivation. Applying a spatial Durbin panel model to capture spatial linkages, the results point to the existence of complementarity between the FDI received by a region and that of the remaining ones. This outcome, along with a positive and statistically significant spillover effect of market potential, reveals that complex‐vertical FDI motivation with agglomeration economies prevails among UK MNEs investing in Spain. Additionally, our findings unveil the role played by some other FDI drivers, such as wages and infrastructure. Furthermore, the paper is unique in decomposing the average direct and spillover effects by region and pairs of regions, so that remarkable differences can be identified. This breakdown has strong significance from a policy perspective since it can guide regional policy makers. In short, our findings point out to the fact that FDI policy should be jointly designed by those regions presenting strong bilateral spillover effects. Thus, greater cooperation among policy makers would be welcome.

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“…Contrarily, the result of another study showed that vertical FDI and exportplatform are more dominant in ASEAN (Hoang & Goujon, 2018 (Hadili, Raab, & Wenzelburger, 2020).…”

Section: Determinants Of Trade and Fdimentioning

confidence: 98%

The Awakening of Investment Creation: A Case Study From South-East Asia

Oktavia

Verico

2020

BILP

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Abstrak ASEAN membentuk integrasi ekonomi, seperti ASEAN Free Trade Area (AFTA), AFTA+1, dan ASEAN Economic Community (AEC), untuk meningkatkan perdagangan intra dan investasi antarnegara ASEAN. Tujuan dari penelitian ini adalah untuk meneliti dampak integrasi ekonomi ASEAN terhadap ASEAN FDI (AFDI) dan perdagangan intra ASEAN (AIT). Penelitian ini menggunakan data sepuluh negara ASEAN dan enam negara mitra selama periode 2001-2017 dan di estimasi dengan menggunakan Generalized Least-Square (GLS). Hasil estimasi menunjukkan CEPT-AFTA ASEAN6 tidak dapat meningkatkan AIT dan AFDI. Dampak positif CEPT-AFTA pada AFDI dan AIT hanya terjadi pada tahun 2015, meskipun dampak pada AIT tidak signifikan. Penelitian ini mengindikasikan bahwa AFTA+ dapat meningkatkan AIT dan AFDI antara negara-negara ASEAN+6. AEC memiliki dampak positif pada AFDI dan dampak negatif pada AIT. Penelitian ini juga menyimpulkan bahwa jika dengan kerangka ASEAN+ menyebabkan investment creation di kawasan ASEAN+6. Untuk memperkuat perdagangan dan investasi, maka pemerintah perlu memperkuat kerja sama melalui Regional Comprehensive Economic Partnership (RCEP). Kata Kunci: ASEAN, FDI, AFTA, Perdagangan Intra, AEC Abstract ASEAN created several economic integrations, such as the ASEAN Free Trade Area (AFTA), AFTA+1, and ASEAN Economic Community (AEC), to increase intra-trade and investment between ASEAN countries. This study aimed to examine the impact of ASEAN economic integration to ASEAN FDI (AFDI) and ASEAN Intra-Trade (AIT). The data consists of ten ASEAN countries and six partner countries from 2001 to 2017. It was estimated using the Generalized Least-Square (GLS). Estimation results showed that CEPT-AFTA ASEAN6 could not increase AIT and AFDI. The positive impact of CEPT-AFTA on AFDI and AIT occurred in 2015, with insignificance on AIT. The study also indicated that AFTA+ could increase AIT and AFDI between ASEAN+6 countries. Contrarily, AEC provided a positive impact on AFDI and an insignificant negative impact on AIT. The study concluded that the ASEAN+ framework causes investment creation in ASEAN and partner countries. The government needs to strengthen cooperation through Regional Comprehensive Economic Partnership (RCEP) to escalate FDI and trade. Keywords: ASEAN, FDI, AFTA, Intra-Trade, AEC JEL Classification: F13, F14, F15

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Determinants of Intra-Region and Extra-Region Foreign Direct Investment Inflow in ASEAN: A Spatial Econometric Analysis

Cited by 14 publications

References 53 publications

Assessing the investment environment in container terminals: A knowledge gap model

Assessing the investment environment in container terminals: A knowledge gap model

On the drivers of UK direct investment in the Spanish regions: A spatial Durbin approach

The Awakening of Investment Creation: A Case Study From South-East Asia

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