Threshold and Asymmetric Effect of Foreign Direct Investment (FDI) on Economic Growth in Selected Countries of OPEC and OECD

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EMAMVERDI GHODRATOLLAH; BOLAND GHAMAT ZAHRA

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Journal Paper

Paper Information

Journal: THE JOURNAL OF PLANNING AND BUDGETING Year:2019 | Volume:23 | Issue:4 Page(s): 113-135

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Information Journal Paper

Title

Threshold and Asymmetric Effect of Foreign Direct Investment (FDI) on Economic Growth in Selected Countries of OPEC and OECD

Author(s)

EMAMVERDI GHODRATOLLAH | BOLAND GHAMAT ZAHRA | Issue Writer Certificate

Keywords

Foreign Direct Investment (FDI)Q2

Financial DevelopmentQ2

Economic GrowthQ2

Balanced Panel Threshold Regression ModelQ1

Asymmetric EffectQ1

Abstract

The main purpose of this study is to assess the effect of Foreign Direct Investment on the Economic Growth of studied countries by taking into account the Asymmetric Effects of Financial Development on the Economic Growth and by determining the possible threshold. For this purpose, 12 countries have been chosen from OPEC and 15 from OECD countries. At first, balanced panel threshold regression has been applied to evaluate the hypotheses of this study. In accordance with the obtained threshold values and the statistical significance test of these thresholds, it was approved that there was a non-linear and asymmetric relationship between the effects of FDI and Economic Growth. Furthermore, the Balanced Panel method with fixed effect has been estimated during the studied period in order to assess the effect of FDI on Economic Growth using the estimation method of GMM. The results show that the effect of FDI on the Economic Growth of OPEC countries has been low due to their lack of Financial Development; Also, this effect not only has been decreasing investment in the countries with Financial Development index lower than the first threshold but also has led to weak performance and reduced Economic Growth. OECD countries have better financial deepening so that FDI has had a positive and significant effect on the Economic Growth at all thresholds.

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APA: Copy

EMAMVERDI, GHODRATOLLAH, & BOLAND GHAMAT, ZAHRA. (2019). Threshold and Asymmetric Effect of Foreign Direct Investment (FDI) on Economic Growth in Selected Countries of OPEC and OECD. THE JOURNAL OF PLANNING AND BUDGETING, 23(4 ), 113-135. SID. https://sid.ir/paper/402434/en

Vancouver: Copy

EMAMVERDI GHODRATOLLAH, BOLAND GHAMAT ZAHRA. Threshold and Asymmetric Effect of Foreign Direct Investment (FDI) on Economic Growth in Selected Countries of OPEC and OECD. THE JOURNAL OF PLANNING AND BUDGETING[Internet]. 2019;23(4 ):113-135. Available from: https://sid.ir/paper/402434/en

IEEE: Copy

GHODRATOLLAH EMAMVERDI, and ZAHRA BOLAND GHAMAT, “Threshold and Asymmetric Effect of Foreign Direct Investment (FDI) on Economic Growth in Selected Countries of OPEC and OECD,” THE JOURNAL OF PLANNING AND BUDGETING, vol. 23, no. 4 , pp. 113–135, 2019, [Online]. Available: https://sid.ir/paper/402434/en

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