العلاقة بين الاستثمار الاجنبي المباشر و النمو الاقتصادي في مصر

أحمد عديلة, حاتم

doi:10.21608/alat.2016.218066

	العلاقة بين الاستثمار الاجنبي المباشر و النمو الاقتصادي في مصر
المجلة المصرية للدراسات التجارية
Article 1, Volume 40, Issue 3, July 2016, Page 71-107 PDF (867.2 K)
Document Type: المقالة الأصلية
DOI: 10.21608/alat.2016.218066
View on SCiNiTO
Author
حاتم أحمد عديلة
أکلديمية السادات للعلوم الادارية
Abstract
The study investigate the relationship between Foreign Direct Investment and economic growth in Egypt during the period 1981-2014, through a review the 2 different economic studies, which investigate the relationship between Foreign Direct Investment and economic growth, the followed by analysis the relationship between Foreign Direct Investment and domestic product at Constant Prices (GDP), and finally estimating the relationship between Foreign Direct Investment and domestic product at Constant Prices. The results indicate that Positive Correlation between Foreign Direct Investment and domestic product during the period 1981-2014. the long-term estimating for the relationship between GDP at constant prices and Foreign Direct Investment, Total Public Expenditure and Inflation rate, that variables are integrated of the same level I(1) based on “Augmented Dickey- Fuller" test for Unit root, there are including cointegration by "Johansen Test". Also the long term estimating by "Error Correction Model" indicate that each of Foreign Direct Investment, Total Public Expenditure, and Inflation rate has a significant effect on gross domestic product (GDP). And the impact of Foreign Direct Investment on economic growth are relatively weak. And their causality relationship by using “Granger Causality Test “for each of Foreign Direct Investment and Total Public Expenditure toward gross domestic product, and there from GDP towards the of Inflation rate. Finally, "Thiel" test indicates to high ability of the model of predictability. Terminology: Gross Domestic Product at constant prices, Foreign Direct Investment, Total Public Expenditure, Inflation rate.


References
1- Alfaro, Laura. “Foreign Direct Investment and Growth: Does the Sector Matter?”, Harvard Business School, April 2003. 2- Ayanwale, A. B. “FDI and Economic Growth: Evidence from Nigeria, Nairobi”, African Economic Research Consortium, Paper No.165, 2007. 3- Blonigen, Bruce A. and Piger, Jeremy. “Determinants of foreign direct investment”, Canadian Journal of Economics, Volume 47, Issue 3, August 2014. 4- Campos, N. and Kinoshita, Y. “Foreign Direct Investment as Technology transferred: Some Panel Evidence from the Transition Economies”, The Manchester School, No. 70, 2002. 30 5- Eiteman, David K. Stonehill, Arthur I. and Moffett, Michael H. Multinational Business, Eight Edition, Addison Wesley. 6- Enrique, Ethan. Mendoza, G. and Vegh, Carlos A. “How Big (Small?)Are Fiscal Multipliers?”, IMF Working Paper, (March 2011). 7- Farshid, Pourshahabi. Ali, Shirazi. Gholamhosein, Safdarian. “The impact of foreign direct investment and trade on economic growth-Taking China, Korea, Malaysia, Philippines & Thailand for example”, China-USA Business Review, No.12, Volume 8, (Dec. 2009). 8- Haskel, Jonathan E. Pereira, Sonia C., Slaughter, Matthew J. “Does Inward Foreign Direct Investment Boost the Productivity of Domestic Firms?” The Review of Economics and Statistics, Vol. 89, No. 3, (August 2007). 9- Javorcik, Beata Smarzynska, “Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers through Backward Linkages, the American Economic Review, Vol. 94, No. 3, (Jun., 2004). 10- Kastrati, Selma Kurtishi., “The Effects of Foreign Direct Investments for Host Country’s Economy”, European Journal of Interdisciplinary Studies, Vol. 5, Issue 1, 2013. 11- Kumar, N. and Pradhan, P. J. “FDI, Externalities and Economic Growth in Developing Countries: Some Empirical Explorations and Implications for 31 WTO Negotiations on Investment”, RIS Discussion, Paper No. 27, (New Delhi. 2002). 12- Markusen, James and Venables, Anthony. “Foreign direct investment as a catalyst for industrial development”, European Economic Review, vol. 43, issue 2, 1999. 13- Peter J Buckley, L Jeremy Clegg, “The determinants of Chinese outward foreign direct investment”, Journal of International Business Studies, No.38, 2007. 14- Ramirez, M. “Foreign direct investment in Mexico: A cointegration analysis” Journal of Development Studies, No. 37, 2000. 15- Reichert, Usha N. U. and Weinhold, D. “Causality Tests for Cross –Country Panels: A New Look at FDI and Economic Growth in Developing Countries”. Oxford Bulletin of Economics and Statistics, No. 63, 2001. 16- Saqib, Najia. Masnoon, Maryam and Rafique, Nabeel. “Impact of Foreign Direct Investment on Economic Growth of Pakistan”, Advances in Management & Applied Economics, Vol.3, No.1, 2013. 17- Zhang, K. H. “How Does Foreign Investment Affect Economic Growth in China?” Economics of Transition, No. 9, 2001.
Statistics Article View: 208 PDF Download: 205