The roles of ICT telecommunication infrastructure on foreign direct investment in Malaysia

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-12-07 DOI:10.21315/aamj2022.27.2.1

Kui Ming Tiong, Ming Yu Cheng, Chee Keong Choong

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引用次数: 1

Abstract

The development of the digital economy and the emergence of new technologies are changing the way of doing business. In recent foreign direct investment (FDI) studies, factors in addition to conventional ownership-location-internalisation (OLI) factors have been explored to enrich the FDI model. This study looks at the roles of information and communications technology (ICT) telecommunication infrastructure on FDI in Malaysia. The two-step system generalised method of moments (GMM) approach is used. To overcome the limitations of the dynamic panel model on the “small groups” problem, this study uses five three-year average data for the period between 2002 to 2016, and the Windmeijer finite-sample correction, the robust standard errors for estimation. The results show a significant positive role of mobile telephony on FDI. Besides, institutional factors are found to have significant impacts on FDI. The findings indicate the importance of the institutional framework and ICT telecommunication infrastructure, which can be jointly used with the OLI paradigm to explain factors driving FDI in the new economy.

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信通技术电信基础设施对马来西亚外国直接投资的作用

数字经济的发展和新技术的出现正在改变商业方式。在最近的外国直接投资（FDI）研究中，除了传统的所有权-区位内化（OLI）因素外，还探讨了其他因素，以丰富FDI模型。本研究着眼于信息和通信技术电信基础设施对马来西亚外国直接投资的作用。采用两步系统广义矩量法（GMM）。为了克服动态面板模型在“小群体”问题上的局限性，本研究使用了2002年至2016年期间的五个三年平均数据，以及Windmeijer有限样本校正，即稳健的估计标准误差。研究结果表明，移动电话对外国直接投资具有显著的积极作用。此外，制度因素对外国直接投资也有显著影响。研究结果表明了体制框架和信通技术电信基础设施的重要性，这些框架和基础设施可以与OLI范式一起用来解释新经济中推动外国直接投资的因素。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.