Spatial-temporal evolution and correlation effect of FDI from China, Japan and South Korea to ASEAN

Abstract

The economy of East Asia is related to the overall development of Asia and even the whole world. Use ArcGIS to analyze the spatial-temporal evolution and the time series from 2004 to 2018 to construct the correlation effect model of FDI from China, Japan and South Korea to ASEAN to analyze the correlation effect of cumulative impulse response and variance decomposition. The results show that FDI from China, Japan and the South Korea in ASEAN increased significantly, and the investment location choice of the three countries in the ASEAN was relatively stable and had similarities and differences. The FDI from China and Japan to ASEAN mainly focuses on cooperation and synergy for a long time, while there is competition between Japan and South Korea, and the FDI from Japan to ASEAN has a deep influence on China and South Korea. The FDI from China, Japan and South Korea to ASEAN is not a zero-sum game. It is also known as the investment cooperation mode that multiple parties make investment in the same region over time, in different industries in the same period and in different locations.