TY - JOUR
T1 - Has foreign investment played a role in Mongolia's export success?
AU - Davaakhuu, Oyunbadam
AU - Sharma, Kishor
AU - Oczkowski, Edward
PY - 2015
Y1 - 2015
N2 - The exposure of the Mongolian economy to international trade in the
early 1990s has led to its export growth exceeding GDP growth and a
dramatic increase in inflows of foreign direct investment (FDI).
Although FDI can act as a powerful channel for export expansion in a
developing country like Mongolia, improved export performance could also
be due to other factors, such as movements in prices, competitive
exchange rates and world income. In spite of Mongolia's superior export
performance, as yet, no study has been conducted to investigate the
determinants of Mongolian export demand and supply. Using a panel data
set covering 1995–2012 for the mining, manufacturing and primary
sectors, we analyse the determinants of export performance. Empirical
results suggest that higher world income, higher prices for Mongolian
exports and increased FDI inflows have led to improved export
performance in Mongolia. There is no statistical evidence to suggest
that trade liberalisation and improved provision of basic infrastructure
have had any impact on Mongolia's export expansion.
AB - The exposure of the Mongolian economy to international trade in the
early 1990s has led to its export growth exceeding GDP growth and a
dramatic increase in inflows of foreign direct investment (FDI).
Although FDI can act as a powerful channel for export expansion in a
developing country like Mongolia, improved export performance could also
be due to other factors, such as movements in prices, competitive
exchange rates and world income. In spite of Mongolia's superior export
performance, as yet, no study has been conducted to investigate the
determinants of Mongolian export demand and supply. Using a panel data
set covering 1995–2012 for the mining, manufacturing and primary
sectors, we analyse the determinants of export performance. Empirical
results suggest that higher world income, higher prices for Mongolian
exports and increased FDI inflows have led to improved export
performance in Mongolia. There is no statistical evidence to suggest
that trade liberalisation and improved provision of basic infrastructure
have had any impact on Mongolia's export expansion.
UR - http://www.scopus.com/inward/record.url?scp=84929756158&partnerID=8YFLogxK
U2 - 10.1080/14631377.2015.1026707
DO - 10.1080/14631377.2015.1026707
M3 - Article
VL - 27
SP - 256
EP - 267
JO - Post-Communist Economies
JF - Post-Communist Economies
SN - 0954-0113
IS - 2
ER -