The nexus among foreign investment, domestic capital and economic growth: Empirical evidence from the MENA region
By Anis Omri, Bassem Kahouli. 2014
165 citations recorded by the source corpus.
The objective of this paper is to estimate an econometric model for analyzing the interrelationship among foreign direct investment, domestic capital and economic growth in 13 MENA countries by using a ‘growth model’ framework and simultaneous-equation models estimated by the generalized method of moments (GMM) during the period 1990–2010. Our empirical results show that there is bi-directional causal relationship between foreign investment and economic growth, as well as domestic capital and economic growth, and there is uni-directional causal relationship from foreign direct investment to domestic capital for the region as a whole.
Subfields: Economics and Econometrics, Information Systems, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/f6a5d1ff6b4e3475e7a4bfa0df3511d566739927
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Citations in the corpus
- Institutional Quality and Economic Growth: The Case of Emerging Economies (2018, methodology): “These variables are used to control for level of economic development, capital factor, technology change, labor and human capital, respectively [28] [29] [30].”
- The Impact of FDI Inflows and Environmental Quality on Economic Growth: an Empirical Study for the MENA Countries (2017, methodology): “Income or output also depends on energy consumption, which is directly related to CO2 emissions (Pao and Tsai 2010; Arouri et al. 2012; Omri and Kahouli 2013).”