تأثير مصادر التمويل الخارجي على النمو الاقتصادي في مصر وبعض الدول النامية خلال الفترة (۲۰۰۰-۲۰۱۸)‎

Abstract EN

THE study focused on discussing and analyzing the benefits and burdens attributed to the external resources of finance FDI, Loans and remittances, in order to measure its efficiency and effectiveness, In addition, the study measures quantatively the external resources impacts on economic growth.

The findings from the study reveal that the external resources are not considered as a substitute for the self-financing has to be linked with development the production capabilities and increasing income in a way that exceeds debt service and amortization costs.

The analysis show that the foreign investments in the Egyptian production sectors have not contributed singnificantly to technology transfer.

Therefore, in terms of costs and benefits accounts, external debt is not an efficient option to substitute for domestic debt.

The study highlights the importance of remittances as counter-economic cycles, although being unproductive.

The empirical analysis reveals that there is a positive relationship between the foreign direct investment and economic growth.

On the contrary, remittances, ODAS(net) and external debts have exerted negative impacts on economic growth.

The implications resulting from the finding include some directives of policies to attract FDI, and development the infrastructure.

Also, reorienting remittances towards the productive areas as well as rationalization of the external debt management are advised to maximize benefits and reduce costs on economic growth