Volume 10, Issue 4

  • -

Volume 10, Issue 4

Foreign Direct Investment as a Key Factor for the Economic Development of Emerging Countries: Evidence from Saudi Arabia.
Abstract:
The objective of this paper is to present a study aimed at assessing the relationship between FDI and economic growth in Saudi Arabia. While doing so, the study also looked at the effect that trade openness, real exchange rates, and oil prices have on FDI. We used an Auto-regressive Distributed Lag (ARDL) model, which looked at both the short- and long-term effects, in addition to an Error Correlation Model to discern the causal relationship between the two. The results of the Long-term ARDL model indicate that oil prices and the real effective exchange rates do have positive long-term effects on FDI in Saudi Arabia. Additionally, the study found that there was no statistically significant long-term relationship between economic growth and FDI and also between trade openness and FDI. Our study recommends that other factors—such as research and development, corruption, political stability and taxes—be included in future research in this area 


About Author

Dr.John Keets

Ijmsbr [ eISSN 2226-8235 ] is an Double Blind Peer reviewed open access journal having expertise in delivering high-quality and rapid publications, from online submission systems and in-depth double blind peer review to an efficient, author-friendly production process.

Current Issue

Calls For Papers- 25-Mar-2024

Impact Factors



Indexing & Citations




































Indexed In Universities

 

IJMSBR Work Licensed Under 4.0

Creative Commons Licence
Online Research Publications by Authors is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Based on a work at http://www.ijmsbr.com.
Permissions beyond the scope of this license may be available at http://www.ijmsbr.com.

500$ Subscription Fee With 10 Publications with Free Turitin Report