Abdol majeed Jalaee; Mahnaz Alibeygi
Abstract
The purpose of this study is to investigate the effect of trade and foreign direct investment on economic growth of OPEC members using the convergence and gravitation model. The model is estimated by the spatial Durbin regression model (SDM) using spatial panel data for the period 2010-2020. ...
Read More
The purpose of this study is to investigate the effect of trade and foreign direct investment on economic growth of OPEC members using the convergence and gravitation model. The model is estimated by the spatial Durbin regression model (SDM) using spatial panel data for the period 2010-2020. Convergence is estimated using cross-sectional data method and gravitation model using panel data method. The results show that foreign direct investment affects economic growth inside and in neighbor countries through spillovers, increasing trade and technology imports in the countries. Also the size of government has no effect on trade and economic growth. The results of convergence and gravitation model show that there is convergence between the target countries and gross domestic product has a positive effect on bilateral trade, but the Linder variable has a negative effect on mutual trade, consistent with the theory.
alireza kazerooni; khatereh alilou; Zana Mozaffari
Abstract
The main goal of every development plan is to achieve economic growth and mass production with considerations for the needs of economy and optimal utilization of resources and capital in the society. Urbanization is one of the most important aspects of the modern society, which embodies significant factors ...
Read More
The main goal of every development plan is to achieve economic growth and mass production with considerations for the needs of economy and optimal utilization of resources and capital in the society. Urbanization is one of the most important aspects of the modern society, which embodies significant factors that can lead to economic growth. Urbanization is the relationship between population, employment, migration, physical construction and human environment, and its development at any time and in any geographical area is influenced by national and international conditions. Today, the effect of foreign direct investment on economic growth has been confirmed by theories and empirical evidence. This study examines the contemporaneous effects of urbanization and foreign direct investment on economic growth in Iranian provinces over period 2006-2015 by using Generalized Moment Method (GMM). Our results show that foreign direct investment, government size, capital stock and human capital index have a positive impact on economic growth in Iranian provinces. However, the effect of urbanization intensity on economic growth has been found to be negative.
Mehdi Yazdani; Hamed Pirpour
Abstract
In general, development of infrastructures and implementation of economic projects require financing. However, the exchange rate fluctuations lead to increasing costs of financing through conversion, transaction, economic, credit and liquidity risks. Hence, in this study, the effect of the exchange rate ...
Read More
In general, development of infrastructures and implementation of economic projects require financing. However, the exchange rate fluctuations lead to increasing costs of financing through conversion, transaction, economic, credit and liquidity risks. Hence, in this study, the effect of the exchange rate volatilities has been investigated on financing practices of companies listed in Tehran Stock Exchange using autoregressive distributed lags method during monthly period 2006-2015 and then, the effect of this variable has been determined on foreign direct investment (FDI) inflow in economic sectors of Iran using panel data method during 1994-2015. According to the results, the value of assets, stock price index, economic freedom index, inflation rate and exchange rate volatilities are identified as determinants of firms’ financing. Also, the pattern of FDI is a function of sectoral value-added growth, capital productivity index, inflation rate, economic freedom index and the exchange rate volatilities where the coefficients are significant and consistent with theoretical expectations. Furthermore, increasing exchange rate fluctuations can decrease domestic and foreign financing because exchange rate fluctuations lead to different risks.
Alimohammad Ahmadi; Jalal Dehnavi; Amin Haghnejad
Volume 11, Issue 41 , July 2011, , Pages 159-180
Abstract
This paper analyzes the Granger causality between economic growth and
Foreign Direct Investment (FDI) inflows in the three income groups of 112
developing countries over the period of 1980 to 2006. For this purpose, panel data
techniques, including panel unit root, panel cointegration, and panel vector ...
Read More
This paper analyzes the Granger causality between economic growth and
Foreign Direct Investment (FDI) inflows in the three income groups of 112
developing countries over the period of 1980 to 2006. For this purpose, panel data
techniques, including panel unit root, panel cointegration, and panel vector error
correction model, have been applied. The research findings indicate that; firstly,
there is a positive and statistically significant relationship between economic growth
and FDI inflow in each of three groups. Secondly, these findings, also, provide
strong evidence from gtanger causality between these two variables in all income
groups.
