Foreign Direct Investment and Growth in ASEAN-4 Nations

Yasmine Merican


The study tested the impact of FDI and Gross Domestic Investment on growth in Malaysia, Thailand, Indonesia, and the Philippines- significant FDI recipients within the developing world in the last three decades. The study’s time-series analysis employing the Autoregressive Distributive Lag (ARDL) technique suggests that the FDI is better than Domestic Investment for growth in Malaysia, Indonesia but not for Thailand and the Philippines where the reverse is true.

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International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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