THE CONTRIBUTION OF EMERGING COUNTRIES' OUTWARD FOREIGN DIRECT INVESTMENT TO HOME COUNTRIES' ECONOMIC GROWTH.

Using balanced panel data from 2000 to 2019 across 10 Southeast Asian economies, this study attempts to examine the effects of outward FDI and other factors on economic growth. FDI outflows, political stability, and savings have a positive impact on economic growth. Outward FDI is necessary for ASEAN's economic expansion because it facilitates knowledge and technology transfer, both of which are essential for sustainable growth. As such, the majority of the countries in Southeast Asia are embracing outward FDI with the goal of increasing productivity and, hence, promoting economic growth. [ABSTRACT FROM AUTHOR]