Data on bilateral FDI flows are derived from the ASEAN FDI Statistical 2004-
05 covering the period from 1995 to 2003. To our knowledge, this is the only
database that covers bilateral FDI flows that include all ASEAN countries. The
dataset covers 18 source countri4es and 9 host countr5ies which include all ASEAN
members except Cambodia. The choice of source countries is based upon the fact
that some of them are major sources of world FDI flows, such as the USA, Japan
and European countries, whilst other investors are from emerging countries. The
GDP, per capita GDP, export and import are from the World Bank Indicators.
Meanwhile, the distance which was calculated was based on the great circle
formula using latitudes and longitudes of the most important city (in terms of
population) accessed from Centre D’etudes Prospective Et D’informations
Internationals (CEPII). An alternative proxy for distance costs common language
and common border are also accessed from CEPII
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