Outward FDI and economic growth in Malaysia: An empirical study

Wong, Koi Nyen * (2013) Outward FDI and economic growth in Malaysia: An empirical study. International Journal of Business and Society, 14 (1). pp. 163-172. ISSN 1511-6670

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Abstract

This paper attempts to explore the causality relationship between outward foreign direct investment (OFDI) and home country economic growth using Malaysia as a case. The main findings do not advocate the OFDI-led growth hypothesis. In order to promote OFDI-led growth, the home government should prepare the private sector for increasing competition in the era of globalization so that linkages can be forged with Malaysian multinationals, and to facilitate home sourcing for OFDI activities. However, the study reveals the evidence of growth-led OFDI, which conforms to the investment development path theory, can potentially internationalize business activities of Malaysian firms abroad that could raise the economic activity and social well-being of the nation.

Item Type: Article
Uncontrolled Keywords: outward FDI; multinationals; Malaysia
Subjects: H Social Sciences > HF Commerce
Divisions: Sunway University > Sunway University Business School > Dept. Management and Economics
Depositing User: Ms. Molly Chuah
Date Deposited: 21 Jan 2014 10:05
Last Modified: 21 Jan 2014 10:05
URI: http://eprints.sunway.edu.my/id/eprint/216

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