Foreign Direct Investment, Financial Development, and Economic Growth: Evidence from the Arab Countries

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Foreign Direct Investment - Growth Nexus: A Review of the Recent Literature (2008, unknown): “…but weak Hermes and Lensink (2003) 67 developing countries 1970- 95 Positive for 37 countries (Latin America and Asia region), for all others no effect Omran and Bolbol (2003) 17 Arab countries 1975- 99 Positive Alfaro (2003) 47 countries 1981- 99 FDI exerts an ambiguous effect on growth.”
Foreign Direct Investment, Economic Growth and Financial Sector Development in Small Open Developing Economies (2012, background): “Substantial research efforts have, however, been geared towards understanding the role of domestic financial markets in this setup (details in Hermes and Lensink, 2003; Omran and Bolbol, 2003; Alfaro, et al, 2004; Durham, 2004; and Ang, 2008).”
Private capital flows and economic growth in Africa: The role of domestic financial markets (2014, background): “…et al., 1992), trade openness (Balasubramanyam et al., 1996), human capital (Borensztein et al., 1998), macroeconomic stability (World Bank, 2001), infrastructure (World Bank, 2001) and financial development (Hermes and Lensink, 2003; Omran and Bolbol, 2003; Alfaro et al., 2004; Durham, 2004).”