外文翻譯--在中歐和東歐外商直接投資和生產(chǎn)力的聚集--行業(yè)水平的調(diào)查-全文預(yù)覽
【正文】 economy in the South East Asian region with an average Gross National Product (GNP) growth of eightplus percent per year in the last seven years. Since independence in 1957, Malaysia has moved from an agriculturally based economy to a more diversified and export oriented one. The Malaysian market is fairly openly oriented, with tariffs only averaging approximately fifteen percent and almost nonexistent nontariff barriers and foreign exchange controls. With a stable political environment, increasing per capita ine, and the potential for regional integration throughout the Association of South East Asian Nations (ASEAN), Malaysia is an attractive prospect for FDI. The key success factor of the FDI contributes to the economic growth in Malaysia because of the good environment. If the environment not suitable, it will not encourage foreign investors e to invest. Good favorable conditions make investors face fewer problems because all investors can run their business conveniently in order to make more profit with life safety. Few vital clues for foreign direct investment include political stability, economic stability, lower wages, and easy accessibility to plentiful raw material, special rights, and person safety. Long term political stability makes foreign investors confident with theirs businesses will succeed and remain , economic instability like inflation, foreign exchange fluctuation and economic crisis also another important environment factor for 4 investor to consider because can cause the business lose without knowing in advance. Furthermore, foreign investors try to search the country with lower wages to reduce average cost of production and hence strongly persuade foreigners to invest in that country. A country with plenty of raw materials necessary for the production attracts investors more than a country without it and personal safety also vital to foreign investors because life is more valuable than money, nobody like to take risk as being killed or kidnapped in foreign country. 3. Objective of Study The main objective in this paper, therefore aims to study the relationship between FDI and economic growth in Malaysia for the period 19702020 using time series data. The rest of the paper is structured as follow: Section 2, there will have review on the empirical literature done on FDI and economic growth. Section 3 will be the data and methodology. Section 4 will be the result and interpretation and finally is Section 5 will be the findings from this study. 4. Literature Review Foreign direct investment (FDI) has played a leading role in many of the economies of the region. There is a widespread belief among policymakers that foreign direct investment (FDI) enhances the productivity of host countries and promotes development. There are several studies done on FDI and economic growth. Some of the studies testing the relationship between FDI and economic growth while some are find out the causality between two variables. Their findings are varies from different method use on their research such as some of the researchers found that FDI has a positive effect on economic growth. For example is Balasubramanyam et al (1996) analyses how FDI affects economic growth in developing economies. Using crosssection data and OLS regressions he finds that FDI has a positive effect on
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