JOURNAL ARTICLE

CAN CHINA'S FOREIGN DIRECT INVESTMENT CAUSE ECONOMIC GROWTH IN ASEAN?

Published In: Singapore Economic Review, 2026, v. 71, n. 2. P. 715 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: PING, LI; FURUOKA, FUMITAKA; RASIAH, RAJAH; ARUCHUNAN, ELAYARAJA 3 of 3

Abstract

This paper uses systematic panel data methods to scrutinize the impact of China's foreign direct investment (FDI) on economic growth in eight Association of Southeast Asian Nations (ASEAN) countries from 2004 to 2018. The findings indicate a statistically significant causal association between these countries' economic growth and Chinese investment, which shows that China's FDI is not a cause but rather a result of the economic expansion. Specifically, the results show that there was a causal chain running from fixed capital to Chinese FDI, through trade openness, in the relatively wealthier ASEAN countries; also, there was a causal chain running from economic growth to Chinese FDI, through trade openness, in relatively poorer ASEAN countries. [ABSTRACT FROM AUTHOR]

Additional Information

Source:Singapore Economic Review. 2026/03, Vol. 71, Issue 2, p715
Document Type:Article
Subject Area:Economics
Publication Date:2026
ISSN:0217-5908
DOI:10.1142/S0217590821500740
Accession Number:191891947
Copyright Statement:Copyright of Singapore Economic Review is the property of World Scientific Publishing Company and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.