Theoretical and Applied Economics
No. 4 / 2019 (621), Winter
Does FDI substitute exports of home country? A case of US FDI in select Asian economies
Dnyanprassarak Mandal’s College and Research Centre,
Assagao, Bardez, Goa, India
Achut P. PEDNEKAR
Dnyanprassarak Mandal’s College and Research Centre,
Assagao, Bardez, Goa, India
Abstract. This paper analyzes the substitution effect of outward FDI on the exports of the home country. The US is selected as the home country for its position amongst the top FDI providing countries and select Asian economies as host countries viz. China, Japan, India, Republic of Korea and Thailand. Study period covered is from 1991 to 2017. It is found that in case of Japan, US FDI in Japan had positive effect on exports of US to Japan. In case of all other economies no relation between US FDI and exports was observed. Thus the substitution effect was not observed in case of US FDI on US exports for the economies of China, Japan, India, Republic of Korea and Thailand.
Contents
Expanding the Eurozone. The stage of economic convergence for Bulgaria, Czech Republic, Croatia, Hungary, Poland and Romania
Business R&D investments in the EU: Main dynamics and economic effects
Volatility experience of major world stock markets
Unemployment hysteresis analysis for OECD countries
Culture as a driving factor for foreign direct investments in the Western Development Region of Romania
A Deep Neural Network (DNN) based classification model in application to loan default prediction
The new Keynesian Phillips Curve. Implications. Strengths and weaknesses
Corporate ownership structure and performance: An enquiry into India
Turkey’s macroeconomic policy challenges in the aftermath of the 2018 crisis: A sectoral financial balances analysis
Main aspects on the nature of dynamic models
An analyses model of the Romanian privately managed pension system
Dynamic models used in analysis capital and population
Poverty rate determinants in the Central and Eastern Europe member states
Wagner versus Keynesian Hypothesis: Role of aggregate and disaggregate expenditure in Pakistan
GARCH based VaR estimation: An empirical evidence from BRICS stock markets
Does FDI substitute exports of home country? A case of US FDI in select Asian economies
Exploring the role of institutions in cross country Malmquist productivity analysis: A two-stage double bootstrap DEA approach
Does the Mundell-Fleming Model apply to Poland?
The validity of Okun’s Law: Evidences from Indian economy