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Yıl 2011, Cilt: 3 Sayı: 1, 35 - 44, 01.06.2011

Öz

Kaynakça

  • Boix, Carles. (1998), “Political parties, growth and equality”. Cambridge: Cambridge University Press.
  • Garrett, Geoffrey. (1998), “Partisan politics in the global economy”. New York:
  • Cambridge University Press. Hibbs, Douglas. (1977), “Political parties and macroeconomic policy”, American
  • Political Science Review 71, pp. 1467-1487.
  • Lipset, Seymour & Rokkan, Stein. (1967), “Party systems and voter alignments”. New York: Free Press.
  • Milner, Helen V., & Judkins, Benjamin. (2004), “Partisanship, trade policy, and globalization: Is there a left-right divide on trade policy?” International Studies Quarterly (1), pp. 95 - 120.
  • Mundell, R. A. (1957), “International trade and factor mobility”, American Economic Review 47, pp. 321-335.
  • Petri, Peter. (1995), “The Interdependence of Trade and Investment in the Pacific”. In
  • “Corporate links and foreign direct investment in Asia and the Pacific”, edited by Edward K. Y. Chen and Peter Drysdale. Harper Education. Pinto, Pablo Martin. (2005), “Domestic coalitions and the political economy of foreign direct investment”, Ph.D. Dissertation, Political Science, University of California, San Diego, La Jolla, CA.
  • Pinto, Pablo Martin & Pinto, Santiago M. (2008), “The politics of investment partisanship and the sectoral allocation of foreign direct investment”, Economic & Politics 20, pp. 254.

POLITICAL REGIME, COMPETITIVENESS, AND FOREIGN INVESTMENT: AN EVIDENCE OF THE EURO AREAS’ FDI POLICIES TO SOUTHEAST ASIAN COUNTRIES

Yıl 2011, Cilt: 3 Sayı: 1, 35 - 44, 01.06.2011

Öz

Theory and previous evidences provide conflicting predictions concerning the
growth effects of foreign direct investment (FDI). The mainstream ideas support
FDI as an engine of employment, technological progress, productivity
improvements, and ultimately economic growth. Because of these significant
benefits, attracting FDI has become one of the integral parts of economic
development strategies in many countries. There are two schools of thought that
hypothesize the FDI determinants: economic factors and political factors. For the
latter school of thought, the central questions are directed to determine whether
political regime affect country’s trade policy or not. In the advanced industrial
countries where labour tends to be scarce, are left political regimes more
protectionist than right ones, which represent capital owners? Prior evidence had
demonstrated an association between the type of political regimes and trade
policies (FDI policies)
This paper extends the cross-country and temporal variance in national policies
of FDI. The theory looks at government partisanship, which we define in terms of
left parties or right parties and contesting with global competitiveness index,
which reflects the economics factors’ school of thought. The paper tests two
hypotheses that explore various aspects how the parties in Euro Area and
Southeast Asian countries have competed over trade policy. This study uses Euro
Area countries and Southeast Asian countries that actively do outward and
inward FDI. The time frame of analysis is 2000-2006 period that is believed as a
start of Economic Integration in the European Union, which is symbolized with
the launching of European Single Currency at that time. Statistic methods used
for testing the hypothesis are t-test and multivariate regression model.
The empirical results provide support for an intuitively positive effect of
globalization that makes left parties and right parties converge on its political
economy and preference into open or free trade, which is the main component of
global competitiveness index. After controlling for various factors, political
regime does not matter. In terms of position taking, both types of political regimes
consistently take the free trade stances. In other words, it can be believed that
Euro Area and Southeast Asian governments’ preference on political economic
and foreign investment are becoming more symmetric over time.

Kaynakça

  • Boix, Carles. (1998), “Political parties, growth and equality”. Cambridge: Cambridge University Press.
  • Garrett, Geoffrey. (1998), “Partisan politics in the global economy”. New York:
  • Cambridge University Press. Hibbs, Douglas. (1977), “Political parties and macroeconomic policy”, American
  • Political Science Review 71, pp. 1467-1487.
  • Lipset, Seymour & Rokkan, Stein. (1967), “Party systems and voter alignments”. New York: Free Press.
  • Milner, Helen V., & Judkins, Benjamin. (2004), “Partisanship, trade policy, and globalization: Is there a left-right divide on trade policy?” International Studies Quarterly (1), pp. 95 - 120.
  • Mundell, R. A. (1957), “International trade and factor mobility”, American Economic Review 47, pp. 321-335.
  • Petri, Peter. (1995), “The Interdependence of Trade and Investment in the Pacific”. In
  • “Corporate links and foreign direct investment in Asia and the Pacific”, edited by Edward K. Y. Chen and Peter Drysdale. Harper Education. Pinto, Pablo Martin. (2005), “Domestic coalitions and the political economy of foreign direct investment”, Ph.D. Dissertation, Political Science, University of California, San Diego, La Jolla, CA.
  • Pinto, Pablo Martin & Pinto, Santiago M. (2008), “The politics of investment partisanship and the sectoral allocation of foreign direct investment”, Economic & Politics 20, pp. 254.
Toplam 10 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular İşletme
Diğer ID JA95VE48ZH
Bölüm Makaleler
Yazarlar

Ari Warokka Bu kişi benim

Fernando Ubeda Mellina Bu kişi benim

Haim Hilman Abdullah Bu kişi benim

Yayımlanma Tarihi 1 Haziran 2011
Yayımlandığı Sayı Yıl 2011 Cilt: 3 Sayı: 1

Kaynak Göster

APA Warokka, A., Mellina, F. U., & Abdullah, H. H. (2011). POLITICAL REGIME, COMPETITIVENESS, AND FOREIGN INVESTMENT: AN EVIDENCE OF THE EURO AREAS’ FDI POLICIES TO SOUTHEAST ASIAN COUNTRIES. International Journal of Economics and Finance Studies, 3(1), 35-44.
AMA Warokka A, Mellina FU, Abdullah HH. POLITICAL REGIME, COMPETITIVENESS, AND FOREIGN INVESTMENT: AN EVIDENCE OF THE EURO AREAS’ FDI POLICIES TO SOUTHEAST ASIAN COUNTRIES. IJEFS. Haziran 2011;3(1):35-44.
Chicago Warokka, Ari, Fernando Ubeda Mellina, ve Haim Hilman Abdullah. “POLITICAL REGIME, COMPETITIVENESS, AND FOREIGN INVESTMENT: AN EVIDENCE OF THE EURO AREAS’ FDI POLICIES TO SOUTHEAST ASIAN COUNTRIES”. International Journal of Economics and Finance Studies 3, sy. 1 (Haziran 2011): 35-44.
EndNote Warokka A, Mellina FU, Abdullah HH (01 Haziran 2011) POLITICAL REGIME, COMPETITIVENESS, AND FOREIGN INVESTMENT: AN EVIDENCE OF THE EURO AREAS’ FDI POLICIES TO SOUTHEAST ASIAN COUNTRIES. International Journal of Economics and Finance Studies 3 1 35–44.
IEEE A. Warokka, F. U. Mellina, ve H. H. Abdullah, “POLITICAL REGIME, COMPETITIVENESS, AND FOREIGN INVESTMENT: AN EVIDENCE OF THE EURO AREAS’ FDI POLICIES TO SOUTHEAST ASIAN COUNTRIES”, IJEFS, c. 3, sy. 1, ss. 35–44, 2011.
ISNAD Warokka, Ari vd. “POLITICAL REGIME, COMPETITIVENESS, AND FOREIGN INVESTMENT: AN EVIDENCE OF THE EURO AREAS’ FDI POLICIES TO SOUTHEAST ASIAN COUNTRIES”. International Journal of Economics and Finance Studies 3/1 (Haziran 2011), 35-44.
JAMA Warokka A, Mellina FU, Abdullah HH. POLITICAL REGIME, COMPETITIVENESS, AND FOREIGN INVESTMENT: AN EVIDENCE OF THE EURO AREAS’ FDI POLICIES TO SOUTHEAST ASIAN COUNTRIES. IJEFS. 2011;3:35–44.
MLA Warokka, Ari vd. “POLITICAL REGIME, COMPETITIVENESS, AND FOREIGN INVESTMENT: AN EVIDENCE OF THE EURO AREAS’ FDI POLICIES TO SOUTHEAST ASIAN COUNTRIES”. International Journal of Economics and Finance Studies, c. 3, sy. 1, 2011, ss. 35-44.
Vancouver Warokka A, Mellina FU, Abdullah HH. POLITICAL REGIME, COMPETITIVENESS, AND FOREIGN INVESTMENT: AN EVIDENCE OF THE EURO AREAS’ FDI POLICIES TO SOUTHEAST ASIAN COUNTRIES. IJEFS. 2011;3(1):35-44.