The Impact of FDI and Financial Development on Entrepreneurship in ASEAN Countries: A Panel Analysis

IF 1.3 Q3 ECONOMICS

Journal of International Commerce Economics and Policy Pub Date : 2023-04-13 DOI:10.1142/s1793993323500114

A. M. AlOmari, Trung Minh Ngo

引用次数: 0

Abstract

Entrepreneurship plays an essential role in economic development and identifying factors that incentivise entrepreneurial activity is relevant for both academia and policy. This paper investigates the impact of Foreign Direct Investment inflow (iFDI) and financial development on entrepreneurship in member countries of ASEAN for the period 2006–2020. We use common panel analysis approaches including pooled OLS, fixed, and random effects regressions to inspect the data. To address endogeneity issues, we further employ GMM estimation. Our analysis reveals that iFDI has a significant positive effect on entrepreneurship in ASEAN countries where financial development is high. The direct relationship between entrepreneurship and financial development is not significant and warrants further investigation.

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FDI和金融发展对东盟国家企业家精神的影响:一个面板分析

企业家精神在经济发展中起着至关重要的作用，确定激励企业家活动的因素对学术界和政策都有意义。本文研究了2006-2020年期间外国直接投资流入(iFDI)和金融发展对东盟成员国企业家精神的影响。我们使用常见的面板分析方法，包括汇集OLS、固定效应和随机效应回归来检验数据。为了解决内生性问题，我们进一步采用GMM估计。我们的分析表明，iFDI对金融发展程度较高的东盟国家的企业家精神有显著的正向影响。创业与金融发展之间的直接关系并不显著，值得进一步研究。

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

Journal of International Commerce Economics and Policy ECONOMICS-

CiteScore

1.50

自引率

0.00%

发文量

期刊介绍： Journal of International Commerce, Economics and Policy (JICEP) is a peer-reviewed journal that seeks to publish high-quality research papers that explore important dimensions of the global economic system (including trade, finance, investment and labor flows). JICEP is particularly interested in potentially influential research that is analytical or empirical but with heavy emphasis on international dimensions of economics, business and related public policy. Papers must aim to be thought-provoking and combine rigor with readability so as to be of interest to both researchers as well as policymakers. JICEP is not region-specific and especially welcomes research exploring the growing economic interdependence between countries and regions.