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FDI inflows and economic growth in Arab region: The institutional quality channel

journal contribution
posted on 21.06.2021, 02:49 by Omar Aziz
© 2020 John Wiley & Sons Ltd This study empirically investigates the possible role of institutional quality in absorbing foreign direct investment (FDI) flows' spillovers for growth in a group of Arab countries. The analysis is performed by employing system GMM estimation in panel data comprising 11 Arab countries over the period 1988–2012. It develops overall indexes of doing business and economic freedom indicators using the principal components analysis (PCA) as weights. The study finds that the quality of institutions plays an important role in enhancing economic growth via indirect impact by absorbing spillovers of FDI inflows. On the one hand, the study reveals that greater macroeconomic stability and financial development have a positive influence on growth. The results of this study have several implications for policy makers.

History

Start Page

1

End Page

16

Number of Pages

16

eISSN

1099-1158

ISSN

1076-9307

Publisher

Australian National Institute of Management and Commerce (IMC)

Language

en

Peer Reviewed

Yes

Open Access

No

Acceptance Date

18/06/2020

Era Eligible

Yes

Journal

International Journal of Finance and Economics

Article Number

ijfe.2197

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