Exploring Links Between Fdi Inflows, Energy Consumption, and Economic Growth: Further Evidence From Mena Countries
Year: 2017
Type: article
Abstract: This study aims to examine the nexus between economic growth, FDI inflows and energy consumption on a panel of 17 countries using a ¡®growth model¡¯ framework and simultaneous-equation models estimated by the generalized method of moments (GMM) over the 1990-2012 period. We also implement these empirical models for 17 countries selected on the basis of data availability. They include: (a) 12 Middle Eastern countries, namely: Saudi Arabia, Qatar, Oman, Kuwait, Lebanon, United Arab Emirates, Iraq, Turkey, Iran, Syria, Jordan and Yemen, (b) 5 North African countries, namely: Egypt, Morocco, Tunisia, Algeria and Libya. Our results indicate that there is a bidirectional causal relationship between FDI inflows and economic growth, as between well as energy consumption and economic growth. Besides, there is a unidirectional causal relationship between energy consumption to FDI inflows for the global panel. This implies that the increase of energy consumption increases the FDI inflows for individual and collective countries.
Source: Journal of Economic Development
Authors: MOHAMED ABDOULI, SAMI HAMMAMI
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2962874940