Foreign Capital Inflows and Economic Growth in GCC Countries

Foreign Capital Inflows and Economic Growth in GCC Countries

<p>This paper provides a literature review and an empirical study of the particular independent growth impact of various capital inflows in the GCC countries during the period 2005-2018. It augments the standard growth determinants with inflows of foreign direct investment (FDI), foreign portf...

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Main Author: Imene Debbiche
Format: Article
Language:English
Published: EconJournals 2020-09-01
Series:International Journal of Economics and Financial Issues
Online Access:https://econjournals.com/index.php/ijefi/article/view/10319
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spelling doaj-8c23a2bccf674b5aae2d43525908903b2020-11-25T03:04:42ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382020-09-011052032104781Foreign Capital Inflows and Economic Growth in GCC CountriesImene Debbiche0Al- Imam Muhammad Ibn Saud Islamic University<p>This paper provides a literature review and an empirical study of the particular independent growth impact of various capital inflows in the GCC countries during the period 2005-2018. It augments the standard growth determinants with inflows of foreign direct investment (FDI), foreign portfolio investment (FPI) and other investments (OI) and estimates this equation with the LSDV estimator. Main results are that capital inflows as a whole don’t exert any effect on economic growth. However, when it is decomposed in different inflows kinds, other investment and FDI don’t affect growth while foreign portfolio investment has a significant negative effect.</p><p><strong>Keywords:</strong> Capital flows, FDI, Portfolio investment, other investment, economic growth, GCC countries.</p><p dir="RTL" align="right"><strong>JEL Classifications : </strong>F21, F32, F43<strong></strong></p><p dir="RTL">DOI: <a href="https://doi.org/10.32479/ijefi.10319">https://doi.org/10.32479/ijefi.10319</a></p>https://econjournals.com/index.php/ijefi/article/view/10319
collection DOAJ
language English
format Article
sources DOAJ
author Imene Debbiche
spellingShingle Imene Debbiche
Foreign Capital Inflows and Economic Growth in GCC Countries
International Journal of Economics and Financial Issues
author_facet Imene Debbiche
author_sort Imene Debbiche
title Foreign Capital Inflows and Economic Growth in GCC Countries
title_short Foreign Capital Inflows and Economic Growth in GCC Countries
title_full Foreign Capital Inflows and Economic Growth in GCC Countries
title_fullStr Foreign Capital Inflows and Economic Growth in GCC Countries
title_full_unstemmed Foreign Capital Inflows and Economic Growth in GCC Countries
title_sort foreign capital inflows and economic growth in gcc countries
publisher EconJournals
series International Journal of Economics and Financial Issues
issn 2146-4138
publishDate 2020-09-01
description <p>This paper provides a literature review and an empirical study of the particular independent growth impact of various capital inflows in the GCC countries during the period 2005-2018. It augments the standard growth determinants with inflows of foreign direct investment (FDI), foreign portfolio investment (FPI) and other investments (OI) and estimates this equation with the LSDV estimator. Main results are that capital inflows as a whole don’t exert any effect on economic growth. However, when it is decomposed in different inflows kinds, other investment and FDI don’t affect growth while foreign portfolio investment has a significant negative effect.</p><p><strong>Keywords:</strong> Capital flows, FDI, Portfolio investment, other investment, economic growth, GCC countries.</p><p dir="RTL" align="right"><strong>JEL Classifications : </strong>F21, F32, F43<strong></strong></p><p dir="RTL">DOI: <a href="https://doi.org/10.32479/ijefi.10319">https://doi.org/10.32479/ijefi.10319</a></p>
url https://econjournals.com/index.php/ijefi/article/view/10319
work_keys_str_mv AT imenedebbiche foreigncapitalinflowsandeconomicgrowthingcccountries
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