Economic Growth and Investment in Developing Nations of Asia
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概要
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This paper aims to investigate the relationship between economic growth and investment in developing nations of Asia taken in groups namely, Indonesia, Malaysia, Philippines and Thailand (IMPT) in one group, Cambodia, Laos, Myanmar and Vietnam (CLMV) in another group and Bangladesh, India, Pakistan and Sri Lanka (BIPS) in the last group. Our empirical analysis has suggested supporting significant relationships amongst certain valuable variables, indicating how these countries have maintained vibrant growth rates and experienced increase in foreign direct investments. As industrial restructuring in IMPT occurred, their economies moved up to another stage of technological capability pushing more foreign direct investment inflows to CLMV as they themselves go through shifts in their economies. For South Asia the service sector is a strong contributor to the region's growth compared to that of South East Asia, where the role of manufacturing industry is more pronounced.