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350219

Direct Investment on Economic Growth a Panel Empirical Evidence from Macro Economics Perspective During the Period From (2000 to 2020)

Article

Last updated: 04 Jan 2025

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Abstract

Economic growth is the most powerful instrument for reducing poverty and improving the quality of life in developing countries. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well. This prompted us to study the factors that affect GDP in developing countries. The aim of this study is to empirically explore the impact of Foreign Direct Investment (FDI), Gross Capital Formation (GCF), Broad Money (BRM) and trade openness (TO) on economic growth, which represented by Gross Domestic Product (GDP). The analysis was performed by adopting a balanced panel data approach applied on data covering the period from 2000 to 2020 in (76) developing countries. The findings of the study based on the estimated model provided; that the Foreign Direct Investment (FDI), the Gross Capital Formation (GCF) and the Broad Money (BRM) have a significant positive effect on the GDP.
 

DOI

10.21608/caf.2024.350219

Keywords

Developing countries, Gross Domestic Product, Gross capital formation, Trade Openness, Panel Data

Authors

First Name

Lamees

Last Name

Al Araby

MiddleName

-

Affiliation

aFaculty of Economics and International trade, Egyptian Chinese University.

Email

lelaraby@ecu.edu.eg

City

القاهرة

Orcid

-

First Name

Zeinab

Last Name

Nawar

MiddleName

-

Affiliation

bFaculty of Business Informatics, Egypt University of Informatics

Email

znawar5@gmail.com

City

-

Orcid

-

Volume

44

Article Issue

1

Related Issue

47083

Issue Date

2024-03-01

Receive Date

2024-01-01

Publish Date

2024-03-01

Page Start

298

Page End

318

Print ISSN

1110-4716

Online ISSN

2682-4825

Link

https://caf.journals.ekb.eg/article_350219.html

Detail API

https://caf.journals.ekb.eg/service?article_code=350219

Order

350,219

Publication Type

Journal

Publication Title

التجارة والتمويل

Publication Link

https://caf.journals.ekb.eg/

MainTitle

Direct Investment on Economic Growth a Panel Empirical Evidence from Macro Economics Perspective During the Period From (2000 to 2020)

Details

Type

Article

Created At

25 Dec 2024