The Impact of foreign direct investment inflows on Economic Growth in the Gulf Cooperation Council Countries: Econometric Study from 1990 to 2018
Résumé
This study aims to try to measure the effect of foreign direct investment inflows on economic growth in the Gulf Cooperation Council Countries for the period (1990-2018), using regression analysis of cross-sectional time series data, based on the cointegration methodology and error correction model for Panel data.
The results of the study concluded from unit root tests and cointegration of Panel data are that the two variables are integrated from the first degree, and that there is a long-term equilibrium relationship between them, showed The result to estimate the error correction model for the long-term equilibrium relationship there is a direct but weak relationship between FDI flows and economic growth.
Références
1. Adeniyi, O., Omisakin, O., Egwaikhide, .F., & Oyinlola, A. (2012). Foreign Direct Investment, Economic Growth and Financial Sector Development in Small Open Developing Economies. Economic Analysis & Policy, 42(1), pp. 105-127.
2. Agrawal, G., & Khan, M. A. (2011). Impact of FDI on GDP Growth: A Panel Data Study. European Journal of Scientific Research, 57(2), pp. 257-264.
3. Baharumshah, A. Z., & Thanoon, M. A. (2006). Foreign capital flows and economic growth in East Asian countries. China Economic Review, 17(1), pp. 70-83.
4. Bhandari, R., Dharmendra, D., Gyan, P., & Upadhyaya, K. (2007). Foreign Aid, FDI and Economic Growth in East European Countries. Economics Bulletin, 6(13), pp. 1-9.
5. Blomstrom, M., & Kokko, A. (2002). Multinational Corporations and Spillovers. Journal of Economic Surveys. 12(3), p. 247.
6. Dondeti, V. R., & Mohanty, B. B. (2007). Impact of Foreign Direct Investment on the Gross Domestic Product, Exports and Imports of Four Asian Countries. Delhi Business Review, 8(1), p. 23.
7. Frenkel, M., Katja, F., & Georg, S. (2004). A panel analysis of bilateral FDI flows to emerging economies. Economic Systems, 28(3), p. 300.
8. Henri, B. (2009). A regional perspective on aid and FDI in Southern Africa. North West University. Potchefstroom. South Africa, Working Paper Number 147.,p 8.
9. Hurlin, C., & Mignon, V. (2006). une synthèse des testes de cointegration sur données de Panel. université d’Orléans, p 23.
10. Markusen, J. (1995). The Boundaries of Multinational Enterprises and the Theory of International Trade. Journal of Economic Perspectives, 9(2), p. 170.
11. UNCTAD. (1994). World Investment Report, New York: United Nations. Pages 88. OnLine: https://unctad.org/en/Docs/wir1994_en.pdf (Visited 02/08/2020).
12. Wang, J., & Blomstrom, M. (1992). Foreign investment and technology transfer: a simple model. European Economic Review, 36(1), p. 137.
13. William, G. (2005). Traduction de la 5 éme édition par Théophile Azomahou et Nicolas Coudec. économétrie. édition française dirigée par Didier Schlacther, IEP Paris, Université Paris II, p 277.
14. Won, Y., Frank, H., & Doo Yong, Y. (2008). FDI Inflows, Exports and Economic Growth in First and Second Generation ANIEs: Panel Data Causality Analyses. KIEP Working Paper, No. 08-02, pp. 11-86.
15. World Bank data. (2020). Accessed January 22, 2020, at 22:34. OnLine: https://data.albankaldawli.org/country. (Visited 12/07/2020).
2. Agrawal, G., & Khan, M. A. (2011). Impact of FDI on GDP Growth: A Panel Data Study. European Journal of Scientific Research, 57(2), pp. 257-264.
3. Baharumshah, A. Z., & Thanoon, M. A. (2006). Foreign capital flows and economic growth in East Asian countries. China Economic Review, 17(1), pp. 70-83.
4. Bhandari, R., Dharmendra, D., Gyan, P., & Upadhyaya, K. (2007). Foreign Aid, FDI and Economic Growth in East European Countries. Economics Bulletin, 6(13), pp. 1-9.
5. Blomstrom, M., & Kokko, A. (2002). Multinational Corporations and Spillovers. Journal of Economic Surveys. 12(3), p. 247.
6. Dondeti, V. R., & Mohanty, B. B. (2007). Impact of Foreign Direct Investment on the Gross Domestic Product, Exports and Imports of Four Asian Countries. Delhi Business Review, 8(1), p. 23.
7. Frenkel, M., Katja, F., & Georg, S. (2004). A panel analysis of bilateral FDI flows to emerging economies. Economic Systems, 28(3), p. 300.
8. Henri, B. (2009). A regional perspective on aid and FDI in Southern Africa. North West University. Potchefstroom. South Africa, Working Paper Number 147.,p 8.
9. Hurlin, C., & Mignon, V. (2006). une synthèse des testes de cointegration sur données de Panel. université d’Orléans, p 23.
10. Markusen, J. (1995). The Boundaries of Multinational Enterprises and the Theory of International Trade. Journal of Economic Perspectives, 9(2), p. 170.
11. UNCTAD. (1994). World Investment Report, New York: United Nations. Pages 88. OnLine: https://unctad.org/en/Docs/wir1994_en.pdf (Visited 02/08/2020).
12. Wang, J., & Blomstrom, M. (1992). Foreign investment and technology transfer: a simple model. European Economic Review, 36(1), p. 137.
13. William, G. (2005). Traduction de la 5 éme édition par Théophile Azomahou et Nicolas Coudec. économétrie. édition française dirigée par Didier Schlacther, IEP Paris, Université Paris II, p 277.
14. Won, Y., Frank, H., & Doo Yong, Y. (2008). FDI Inflows, Exports and Economic Growth in First and Second Generation ANIEs: Panel Data Causality Analyses. KIEP Working Paper, No. 08-02, pp. 11-86.
15. World Bank data. (2020). Accessed January 22, 2020, at 22:34. OnLine: https://data.albankaldawli.org/country. (Visited 12/07/2020).
Publiée
2021-06-03
Comment citer
Telha , M., Houari , N., & Ahmed , T. (2021). The Impact of foreign direct investment inflows on Economic Growth in the Gulf Cooperation Council Countries: Econometric Study from 1990 to 2018. Journal of Excellence for Economics and Management Research, 5(1), 379-395. https://doi.org/10.34118/jeemr.v5i1.2051
Numéro
Rubrique
Original Article
