أثر بعض المتغيرات الاقتصادية الكلية على تدفق الاستثمار الأجنبي المباشر في الدول الإسلامية للفترة بين (1993 - 2012) = The Effect of Several Macroeconomic Variables on the Flow of Foreign Direct Investment in Islamic Countries for the Period (1993 - 2012)

2017 ◽  
pp. 69-82
Author(s):  
طه بن الحبيب ◽  
محمود فوزي شعوبي
2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Saliha Meftah ◽  
Abdelkader Nassour

Foreign direct investment (FDI) is an essential factor in the development of a country. This study aims to examine what factors influence foreign direct investment. By using the vector error correction model, the research shows that there is a long-term causality relationship between exchange rates and inflation with FDI. However, in the short term, there are no variables that affect FDI. Besides, the Granger causality test shows causality in the direction of GDP and FDI, while other variables do not have causality. This research has implications for policymakers to pay attention to macroeconomic variables in increasing the flow of foreign direct investment.


Author(s):  
Tania Megasari ◽  
Samsubar Saleh

This study aims to analyze the determinants of foreign direct investment (FDI) in the Organization of Islamic Cooperation (OIC) country members for the period 2005 to 2018 The determinant variables of FDI are corruption, political stability and macroeconomic variables such as inflation, exchange rates, economic growth, and trade openness. Analysis used in the study  is the fixed effect model (FEM) of the OIC data panel.The results showed that economic growth and trade openness had a significant influence on foreign direct investment (FDI), while the effects of corruption, political stability, inflation and the exchange rate have no significant effect on foreign direct investment (FDI).


Author(s):  
Ali Özer ◽  
Aslı Cansın Doker ◽  
Adem Türkmen

The aim of this study is to determine whether there is a relationship between Capital flight and some macroeconomic variables by using anual data between 1980 and 2010 in Turkey. Capital flight measured by World Bank (1985) method, was used as dependent variable and external debt, foreign direct investment, uncertainty, real GDP growth, exchange rates, trade balance and consumer price index were used as independent variables. Ordinary Least squares estimation method, Johansen-Jeselius cointegration test, Granger causality test and variance decomposition results produced by VEC model were used in the study. After those econometrics and economics analysis, this paper put forward that there is a long run relationship between some macroeconomic variables and capital flight.The results show external debt, foreign direct investment inflows, and foreign reserves to be the major effector of capital flight.


Author(s):  
Irfan Hafeez ◽  
Muhammad Nadeem

This research points out the extending effects on stock returns by macroeconomic variables for the period of January 2004 to December 2012. Macroeconomic variables include foreign direct investment, exports of goods and services, GDP, net inflows, Industry - value added, Use of IMF credit, Lending interest rate, consumer prices, Money and quasi money growth and inflation. The results were analyzed using the study of co-integration by Johansen and the analysis of causality by Granger. A long-term vigorous relationship is found between stock returns and chosen macroeconomic variables. Unidirectional Granger causality between two macroeconomic variables and stock returns is also observed. Impulse response analysis shows that every variable except foreign direct investment effects stock returns in one way or another. The results reveal that macroeconomic variables can be studied to determine stock market return movements. The effect of macroeconomic variables on stock market returns and capital market sustainability when designing policies should be considered by policymakers and investors.


Author(s):  
Noris Fatilla Ismail ◽  
Suraya Ismail

Foreign direct investment (FDI) inflows are a major instrument of economic growth in developing countries. Indonesia is one of the developing countries that has received more FDI with macroeconomic stability. The macroeconomic stability indicator is seen as an important factor in driving economic growth and attracting FDI inflows in Indonesia. Therefore, this study examines the relationship of selected macroeconomic variables toward the FDI in Indonesia over the period 1980-2019. Using Autoregressive Distributed Lag (ARDL), the empirical results showed that market size, domestic investment, government spending and foreign exchange rate are key factors influencing long-run FDI inflows. However, financial development revealed no relationship with FDI inflows in Indonesia. Overall findings indicated that macroeconomic variables influence FDI inflows. These findings guided policymakers in formulating new policies to ensure macroeconomic indicators' stability in driving economic growth.


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