The role of financial development in enhancing the economic impact of foreign direct investment : evidence from some Arab countries (1996-2008)
Other Title(s)
دور التطور المالي في تعزيز التأثير الاقتصادي للاستثمارات الأجنبية المباشرة : شواهد من بعض الدول العربية (1996-2008)
Dissertant
Thesis advisor
Comitee Members
Abd Allah, Khalid Amin
Salamah, Rashid Muhammad
al-Mumini, Ghazi
University
Arab Academy for Financial and Banking Sciences
Faculty
The Faculty of Banking and Financial Sciences
Department
Department of Financial Management
University Country
Jordan
Degree
Ph.D.
Degree Date
2010
English Abstract
Economic growth in the Arab countries should remain a worrying factor to policymakers because of the problems posed by the already existing high unemployment rates and the relatively strong growth in the country’s labor force.
To explain the growth performance of countries at the cross-sectional (cross-country) level or at the country (time series) level, the literature contains numerous papers which examine the role of, for example, foreign direct investment (FDI) and financial development.
This dissertation examines the impact of financial development on economic growth in a total of 16 Arab countries during the period 1996-2008.
In addition, the dissertation examines whether or not financial development enhances the developmental role of FDI.
Based on the Seemingly Unrelated Regression (SUR), and panel data analysis (random effects model), the results indicate that while FDI promotes economic growth in the Middle East and North Africa Region (MENA), financial development does not impact economic growth.
Similarly, financial development does not promote the positive role of FDI.
Finally, based on the empirical results, the inflation rate and openness to international trade positively affect real economic growth.
Main Subjects
Economics & Business Administration
Topics
No. of Pages
72
Table of Contents
Table of contents.
Abstract.
Chapter One : general framework.
Chapter Two : theoretical framework.
Chapter Three : literature review.
Chapter Four : research methodology.
Chapter Five : the empirical results.
Chapter Six : summary, conclusions and recommendations.
References.
American Psychological Association (APA)
al-Ali, Fatima Marzuq. (2010). The role of financial development in enhancing the economic impact of foreign direct investment : evidence from some Arab countries (1996-2008). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences, Jordan
https://search.emarefa.net/detail/BIM-307270
Modern Language Association (MLA)
al-Ali, Fatima Marzuq. The role of financial development in enhancing the economic impact of foreign direct investment : evidence from some Arab countries (1996-2008). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences. (2010).
https://search.emarefa.net/detail/BIM-307270
American Medical Association (AMA)
al-Ali, Fatima Marzuq. (2010). The role of financial development in enhancing the economic impact of foreign direct investment : evidence from some Arab countries (1996-2008). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences, Jordan
https://search.emarefa.net/detail/BIM-307270
Language
English
Data Type
Arab Theses
Record ID
BIM-307270
