Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10482442 | Research in Economics | 2014 | 19 Pages |
Abstract
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.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Anis Omri, Bassem kahouli,