The relationship between foreign direct investment, financial development and growth economic in Next-11 Countries: a PMG/ ARDL estimation

• Autorzy: Louail Bilal , Zouita Mohamed Salah

Identyfikatory

DOI

10.2478/manment-2019-0058

• Języki publikacji: EN

Abstrakty

EN

This study investigates the relationship between FDI, economic growth and financial development in the Next 11 countries. An analysis of the results was performed accordingly on the panel data gathered from the Next 11 countries from 1985 to 2019 - using the Pooled Mean Group (PMG) estimation method and the Autoregressive Distributed Lag model approach (ARDL). The results indicate an impact of both economic growth and financial development on the FDI flows to the study of countries during the period between 1985 and 2019 in the long run, while no such proof is affirmed in the short run. This study’s contribution provides a better understanding of the dynamic relationship between FDI, economic growth, and financial development by providing decision-makers to understand the nature of the dynamic association between the study variables. This study provides empirical evidence about the association between inflows of FDI, economic growth and financial development within the context of the Next-11 countries. The previous literature lacks empirical study on the relationship between variables of study for the Next-11 countries.

Słowa kluczowe

EN

foreign direct investment; financial development; growth economic; Next-11 countries

PL

bezpośrednie inwestycje zagraniczne; inwestycje zagraniczne; rozwój finansowy; wzrost gospodarczy; kraje grupy Next-11; Next-11

• Wydawca: University of Zielona Góra, Faculty of Economics and Management
• Czasopismo: Management
• Rocznik: 2021
• Tom: Vol. 25, no. 1
• Strony: 28--50
• Opis fizyczny: Bibliogr. 60 poz., tab.

Twórcy

autor

Louail Bilal

• College of Business Administration, Northern Border University, Arar, Saudi Arabia
• Faculty of Economic, Commercial and Management Sciences, University of M’Hamed BOUGARA Boumerdes, Algeria

• https://orcid.org/+0000-0002-2383-4329

autor

Zouita Mohamed Salah

• Faculty of Economic, Commercial and Management Sciences, University of M’Hamed BOUGARA Boumerdes, Algeria

• https://orcid.org/0000-0002-7405-1623

Bibliografia

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Uwagi

PL

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2021).