Investigating the Factors Affecting Foreign Direct Investment in Selected Muslim Countries: A Panel Data Approach
This paper attempts to test the effects of foreign direct investment on selected Islamic countries by using spatial econometric analysis. For this purpose, foreign direct participation and investment data from selected countries were used as panel data between 2000-2013 years period. The foreign dir...
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| Format: | Article |
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İLKE İlim Kültür Eğitim Vakfı
2021-02-01
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| Series: | Türkiye İslam İktisadı Dergisi |
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| Online Access: | https://tujise.org/content/6-issues/15-8-1/a132/tujise-8.1-132.pdf |
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| _version_ | 1841564480064978944 |
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| author | Saeid Mahmoudi Nasser Nasiri Saeid Hajihassaniasl |
| author_facet | Saeid Mahmoudi Nasser Nasiri Saeid Hajihassaniasl |
| author_sort | Saeid Mahmoudi |
| collection | DOAJ |
| description | This paper attempts to test the effects of foreign direct investment on selected Islamic countries by using spatial econometric analysis. For this purpose, foreign direct participation and investment data from selected countries were used as panel data between 2000-2013 years period. The foreign direct investment equation is estimated using static (fixed and random effects) and dynamic (Generalized Method of Moments) methods as panel data in both conventional and spatial econometric models. The results of the estimated model show the existence of spatial correlations between selected countries and hence the use of this type of estimation is justified. On the other hand, the variables of degree of openness of the economy and economic security have a positive and significant effect on attracting foreign direct investment in the studied countries while inflation rate, economic growth and human capital solely have no significant effect on foreign direct investment in these countries. |
| format | Article |
| id | doaj-art-9f7a5bb5eebe4a8db8ace9dd43770a04 |
| institution | Kabale University |
| issn | 2148-3809 |
| language | English |
| publishDate | 2021-02-01 |
| publisher | İLKE İlim Kültür Eğitim Vakfı |
| record_format | Article |
| series | Türkiye İslam İktisadı Dergisi |
| spelling | doaj-art-9f7a5bb5eebe4a8db8ace9dd43770a042025-01-02T22:39:58ZengİLKE İlim Kültür Eğitim VakfıTürkiye İslam İktisadı Dergisi2148-38092021-02-0181 15317510.26414/A132Investigating the Factors Affecting Foreign Direct Investment in Selected Muslim Countries: A Panel Data ApproachSaeid Mahmoudi0https://orcid.org/0000-0003-1180-2845Nasser Nasiri 1https://orcid.org/0000-0003-4858-6971Saeid Hajihassaniasl2https://orcid.org/0000-0003-2127-5604Islamic Azad University of KhoyAllameh Khoyi Higher Education InstituteGaziantep UniversityThis paper attempts to test the effects of foreign direct investment on selected Islamic countries by using spatial econometric analysis. For this purpose, foreign direct participation and investment data from selected countries were used as panel data between 2000-2013 years period. The foreign direct investment equation is estimated using static (fixed and random effects) and dynamic (Generalized Method of Moments) methods as panel data in both conventional and spatial econometric models. The results of the estimated model show the existence of spatial correlations between selected countries and hence the use of this type of estimation is justified. On the other hand, the variables of degree of openness of the economy and economic security have a positive and significant effect on attracting foreign direct investment in the studied countries while inflation rate, economic growth and human capital solely have no significant effect on foreign direct investment in these countries.https://tujise.org/content/6-issues/15-8-1/a132/tujise-8.1-132.pdfspatial econometricsforeign direct investmentislamic countriespanel datagmm |
| spellingShingle | Saeid Mahmoudi Nasser Nasiri Saeid Hajihassaniasl Investigating the Factors Affecting Foreign Direct Investment in Selected Muslim Countries: A Panel Data Approach Türkiye İslam İktisadı Dergisi spatial econometrics foreign direct investment islamic countries panel data gmm |
| title | Investigating the Factors Affecting Foreign Direct Investment in Selected Muslim Countries: A Panel Data Approach |
| title_full | Investigating the Factors Affecting Foreign Direct Investment in Selected Muslim Countries: A Panel Data Approach |
| title_fullStr | Investigating the Factors Affecting Foreign Direct Investment in Selected Muslim Countries: A Panel Data Approach |
| title_full_unstemmed | Investigating the Factors Affecting Foreign Direct Investment in Selected Muslim Countries: A Panel Data Approach |
| title_short | Investigating the Factors Affecting Foreign Direct Investment in Selected Muslim Countries: A Panel Data Approach |
| title_sort | investigating the factors affecting foreign direct investment in selected muslim countries a panel data approach |
| topic | spatial econometrics foreign direct investment islamic countries panel data gmm |
| url | https://tujise.org/content/6-issues/15-8-1/a132/tujise-8.1-132.pdf |
| work_keys_str_mv | AT saeidmahmoudi investigatingthefactorsaffectingforeigndirectinvestmentinselectedmuslimcountriesapaneldataapproach AT nassernasiri investigatingthefactorsaffectingforeigndirectinvestmentinselectedmuslimcountriesapaneldataapproach AT saeidhajihassaniasl investigatingthefactorsaffectingforeigndirectinvestmentinselectedmuslimcountriesapaneldataapproach |