Please use this identifier to cite or link to this item: http://cmuir.cmu.ac.th/jspui/handle/6653943832/66652
Title: Multi-process-based maximum entropy bootstrapping estimator: Application for net foreign direct investment in ASEAN
Authors: Arisara Romyen
Chukiat Chaiboonsri
Satawat Wannapan
Songsak Sriboonchitta
Keywords: Economics, Econometrics and Finance
Social Sciences
Issue Date: 1-Jul-2019
Abstract: © 2019 by the authors. Due to a broad consensus in the engaging of global economic integrations, host countries encounter a number of challenges, especially in international capital mobility. Foreign direct investment (FDI) becomes a pillar for economic development. This study explores which Association of Southeast Asian Nations (ASEAN)-6 countries are good representatives to inform the directions of FDI. For computational modelling, the AR-GARCH model was created using the maximum entropy bootstrap estimation. Nonparametric techniques consisting of the maximum entropy bootstrap method and cross-entropy algorithm were applied. The results show that Indonesia has the nearest cross-entropy (CE) value compared to the whole entropy value, followed by Thailand and Singapore. Furthermore, it is consistent with the first- and second-order stochastic dominance analyses. Additionally, the structural dependence of capital movements is displayed to deeply investigate the capital flow relation among the countries. Consequently, the performances of FDI in Indonesia, Thailand, and Singapore can significantly convey the scenario of FDI across ASEAN.
URI: https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85070095515&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/66652
ISSN: 22277099
Appears in Collections:CMUL: Journal Articles

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