GDP Growth and FDI Nexus in ASEAN-5 Countries: The Role of Macroeconomic Performances

Numerous papers have examined the effect of national income on FDI using cross-country data, including in developing countries. However, few focus one specific region, particularly ASEAN This study analyzes GDP growth ASEAN-5 countries from 2004 to 2019. Panel data regression with fixed estimation was performed document relationship between and FDI. Using some macroeconomic control variables, findings demonstrated that has a positive significant impact Additionally, effects currency rate, trade openness, inflation are positive. Therefore, performances such as growth, exchange main factors attracting