Đầu tư trực tiếp nước ngoài và chất lượng thể chế: Bằng chứng thực nghiệm từ các nước châu Á
DOI:
https://doi.org/10.24311/jabes/2017.28.11.839Keywords:
Asian countries, Institutional quality, FDI, Bidirectional relationship, SGMM, 3SLSAbstract
This paper empirically investigates the bidirectional causual nexus between foreign direct investment (FDI) and institutional quality in 19 Asian countries over the period of 2002–2015 by an approach of simultaneous equation model. The results of 3SLS and SGMM estimators affirm a positive bidirectional nexus between FDI and institutional quality: institutional quality is a signal to attract FDI, and FDI, in its turn, is a channel to promote institutional quality. The study also finds key determinants of institutional quality such as democratization, education, trade openness, and gross national income per capita; and also important factors to attract FDI, including domestic investment, market size, laborforce, the quality of labor, trade openness, and natural resources.
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