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Item Restricted Foreign direct investment and growth: the role of business regulations(2011-04) Cueto, Maria Concepcion M.; Duldoco, Ricardo Ervin R.; Carlos, Fidelina N.The theoretical literature has identified various channels through which Foreign Direct Investment (FDI) inflows may contribute to economic growth in host countries. However, empirical evidence examining the direct role of FDI to growth has shown mixed results. This paper examines the role of business regulations in the exploitation of the _growth benefits of FDI. By means of the Fixed· Effects Regression, we estimate a growth model, where growth depends on additions in human and physical capital, using longitudinal Datamation developing countries for the years 2000-2008. We find that FDI alone negatively affects economic growth. However, upon the interaction of business regulations, the results show that FDI positively contributes to economic growth, and that the more regulated business environments cannot fully enjoy these benefits. The results are robust to the inclusion of other determinants of economic growth.Item Restricted Determinants of foreign direct investment inflows in the Philippines(2001-03) Canlapan, Christina E.; Gomez, Diana B.; Miranda, Casimiro V.Item Restricted Foreign direct investment and export in the Philippines(2003-04) Go, Diana Tan; Ladan, Laarni Gaddi; Alburo, FlorianThis paper investigates on the crucial factors that influence export performance in the Philippines. Related studies and trends were presented to highlight the role that FDI plays in the expansion of exports. Other variables such as trade policies, REER, labor productivity, and the interaction variable involving foreign investments and productivity were also examined in the study. Empirical evidence showed a positive but minimal impact of FDI on the growth of Philippine exports.Item Restricted China's 'crowding out' effect: the case of Philippine FDI flows(2006-10) Diezmo, Katrina Cecilia T.; Galang, Melanie G.; Bautista, Ma. Socorro GochocoAmong Asian countries, the Republic of China has been the major destination of FDI flows from the rest of the world. This phenomenon raised concerns among other developing countries that China is growing at their expense. Given the impact of geography on investment, such concerns are greatest among China's most immediate neighbors. Consequently, allegations have been posed by these countries regarding the so called 'crowding-out effect' of China's FDI flows, which claims that the increasing levels of FDI flows to China are accompanied by decreasing levels of FDI flows to other developing countries. While most of the studies in the literature estimate crowding out by , China's FDI flows in many countries, this paper focuses on just one, the Republic of the Philippines. Furthermore, we split the FDI flows to the Philippines into the most important sectors to see which sectors are positively or negatively affected, and see whether sectoral analysis of 'crowding out' is consistent with the aggregate results reflected on the literature.Item Restricted The varying impacts of sectoral foreign direct investments on Philippine economic growth(2006-10-24) Dela Cruz, Jasmin R.; Ongcay, Maria Cecilia Ayessa S.; Quimbo, StellaTo determine whether FDI allocated among primary, industrial, and services sectors have distinct features in spurring economic growth, this study utilized Ordinary Least Squares (OLS) method using Philippine time-series data for the period 1974 to 2003. The empirical analyses showed that the expected positive impact on economic growth of FDI in the industrial sector is realized in the export sector while FDI in the primary reveals a negative impact as caused by privately financed rural infrastructure, modernized technology, new techniques, and employment generation. Finally, FDI channeled in the services sector contribute to growth through the provision of infrastructure services and employment creation.Item Restricted Inward foreign direct investment in selected asian countries(2008-03) Almojuela, Annie R.; Cuevas, Carmela Paz P.; Reside, Renato E. Jr.This paper studies some of the major determinants of inward foreign direct investment (FDI) using data from thirty two Asian economies (Bahrain, Bangladesh, Brunei Darussalam, Cambodia, China, India, Indonesia, Iran, Iraq, Israel, Japan, Jordan, South Korea, Kuwait, Laos, Lebanon, Malaysia, Maldives, Mongolia, Myanmar, Nepal, Oman, Pakistan, Philippines, Qatar, Saudi Arabia, Singapore, Sri Lanka, Syria, Thailand, United Arab Emirates, and Vietnam) during the period 1981-2004. Using fixed effects panel data estimation, this paper examines how and to what extent the following factors: previous year's FDI, real GDP, inflation, nominal exchange rate, openness, political stability, illiteracy rate, and infrastructure affect FDI inflows.Item Restricted Determinants of capital inflows to the Philippines: an empirical investigation(2009-04-03) Cañada, Pamela S.; Lu, Jerome Bryan C.; Reside, RenatoItem Restricted The determinants of foreign direct investment in Asia(2009-04-03) King, Karl Edward Capuchino; Reyes, Noel Ricardo Ocampo; Reside, RenatoThis study attempts to quantify the determinants of FDI in selected Asian countries from the different Asian Regions. The model uses Ordinary Least Squares regression and puts the claim forward that Foreign Direct Investment in a country is determined by its market size both actual and potential, its openness or outward orientation, its infrastructure, its state of political risk, and its exchange rate volatility. Real GDP and its growth rate are taken as proxies for actual market size and potential market size. On the other hand, roads are used as a proxy for infrastructure. Lastly, openness is measured by the sum of a country’s exports and imports as a percentage of its GDP. The OLS estimation results show that indeed, actual market size and openness are significant determinants of FDI. However, the results also show that potential market size and exchange rate volatility are not significant, although both possess the incorrect sign. Also, it is found that infrastructure and political risk are significant determinants, although with effects contrary to what is expected.Item Restricted HR 737: an analysis on the impact of the house resolution 737 to the Philippine agricultural industry(2010-03) Brosas, Hazel Ann P.; Villafuerte, Via Nazarena N.; Clarete, RamonThis paper investigates whether the House Resolution 737, which allows 100% foreign ownership of businesses and lands here in the Philippines, will affect the amount of foreign direct investments entering the Philippine economy specifically in the agricultural sector. By determining the investment flows using the data from OECD International Direct Investment Statistics Yearbook from 2004 to 2007, we used the Gravity Model of Investment to demonstrate how an investor country will react on the changes in the host country's policy restrictions regarding the foreign ownership of businesses and lands. Along with other significant variables, we tested our Gravity model under two simulations using dummy variables, one which represents the current prevailing policy and the other representing the investment policy with the implementation of HR737. Deriving the change in FDI had the Philippines adopted the bill, we found out that HR 737 would positively affect the FDI inflow to the Philippines and that positive effect would translate to an additional inward FDI flow to the Philippine agricultural sector.Item Restricted Foreign direct investment technology spillovers in the Philippine manufacturing industry(2001-10) Gregorio, Robert M.; Raymundo, Dazzle B.