Inversión extranjera directa y crecimiento económico en Jordania : una investigación empírica que utiliza la prueba de límites de cointegración.

Este artículo investiga las elasticidades a largo y corto plazo entre  el producto interno bruto y la IED en Jordania. El estudio utiliza datos anuales para analizar la relación entre la IED y el crecimiento económico para el periodo de 1992-2013. Los datos para las variables IED y PIB se obtuvieron...

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Autores:
Oudat, Mohammad Salem
Alsmadi, Ayman Abdalmajeed
Alrawashdeh, Najed Massad
Tipo de recurso:
Article of investigation
Fecha de publicación:
2019
Institución:
Universidad Católica de Colombia
Repositorio:
RIUCaC - Repositorio U. Católica
Idioma:
spa
OAI Identifier:
oai:repository.ucatolica.edu.co:10983/29412
Acceso en línea:
https://hdl.handle.net/10983/29412
https://doi.org/10.14718/revfinanzpolitecon.2019.11.1.4
Palabra clave:
Fdi
Gdp
Financial development
Elasticities
Jordan
Fdi
Gdp
Financial development
Elasticities
Jordan
Ied
Pib
Desenvolvimento financeiro
Elasticidades
Jordânia
Rights
openAccess
License
Mohammad Salem Oudat, Ayman Abdalmajeed Alsmadi, Najed Massad Alrawashdeh - 2019
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network_acronym_str UCATOLICA2
network_name_str RIUCaC - Repositorio U. Católica
repository_id_str
dc.title.spa.fl_str_mv Inversión extranjera directa y crecimiento económico en Jordania : una investigación empírica que utiliza la prueba de límites de cointegración.
dc.title.translated.eng.fl_str_mv Foreign direct investment and economic growth in Jordan : an empirical research using the bounds test for cointegration.
title Inversión extranjera directa y crecimiento económico en Jordania : una investigación empírica que utiliza la prueba de límites de cointegración.
spellingShingle Inversión extranjera directa y crecimiento económico en Jordania : una investigación empírica que utiliza la prueba de límites de cointegración.
Fdi
Gdp
Financial development
Elasticities
Jordan
Fdi
Gdp
Financial development
Elasticities
Jordan
Ied
Pib
Desenvolvimento financeiro
Elasticidades
Jordânia
title_short Inversión extranjera directa y crecimiento económico en Jordania : una investigación empírica que utiliza la prueba de límites de cointegración.
title_full Inversión extranjera directa y crecimiento económico en Jordania : una investigación empírica que utiliza la prueba de límites de cointegración.
title_fullStr Inversión extranjera directa y crecimiento económico en Jordania : una investigación empírica que utiliza la prueba de límites de cointegración.
title_full_unstemmed Inversión extranjera directa y crecimiento económico en Jordania : una investigación empírica que utiliza la prueba de límites de cointegración.
title_sort Inversión extranjera directa y crecimiento económico en Jordania : una investigación empírica que utiliza la prueba de límites de cointegración.
dc.creator.fl_str_mv Oudat, Mohammad Salem
Alsmadi, Ayman Abdalmajeed
Alrawashdeh, Najed Massad
dc.contributor.author.spa.fl_str_mv Oudat, Mohammad Salem
Alsmadi, Ayman Abdalmajeed
Alrawashdeh, Najed Massad
dc.subject.eng.fl_str_mv Fdi
Gdp
Financial development
Elasticities
Jordan
topic Fdi
Gdp
Financial development
Elasticities
Jordan
Fdi
Gdp
Financial development
Elasticities
Jordan
Ied
Pib
Desenvolvimento financeiro
Elasticidades
Jordânia
dc.subject.spa.fl_str_mv Fdi
Gdp
Financial development
Elasticities
Jordan
Ied
Pib
Desenvolvimento financeiro
Elasticidades
Jordânia
description Este artículo investiga las elasticidades a largo y corto plazo entre  el producto interno bruto y la IED en Jordania. El estudio utiliza datos anuales para analizar la relación entre la IED y el crecimiento económico para el periodo de 1992-2013. Los datos para las variables IED y PIB se obtuvieron de los Indicadores del Desarrollo Mundial y del Banco Mundial, y se utilizó el enfoque ARDL. Los resultados muestran elasticidades de largo y corto plazo en la IED y el PIB. En general, los responsables políticos de Jordania centran sus esfuerzos para atraer más IED a la economía jordana. Esto se debe a que se espera que más IED en la economía jordana conduzca a una disminución de los obstáculos económicos (por ejemplo, disminución de la tasa de desempleo y mayor nivel de inversión).
publishDate 2019
dc.date.accessioned.none.fl_str_mv 2019-01-01 00:00:00
2023-01-23T16:15:36Z
dc.date.available.none.fl_str_mv 2019-01-01 00:00:00
2023-01-23T16:15:36Z
dc.date.issued.none.fl_str_mv 2019-01-01
dc.type.spa.fl_str_mv Artículo de revista
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dc.identifier.doi.none.fl_str_mv 10.14718/revfinanzpolitecon.2019.11.1.4
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dc.relation.ispartofjournal.spa.fl_str_mv Revista Finanzas y Política Económica
dc.relation.references.spa.fl_str_mv Abu Ghunmia, D., Al-Zu'bib, B., Badreddinec, S. & Chaudhryd, Sh. (2013). Foreign Direct Investments in Jordan. International journal of business, 18(3), 256.
Aitken, B.J. & Harrison, A.E. (1999). Do domestic firms benefit from direct foreign investment? Evidence from Venezuela. The American Economic Review, 89(3), 605-618. https://doi.org/10.1257/aer.89.3.605
Alexander, W.R.J. (1990). The impact of defense spending on economic growth: a multi-sectoral approach to defense spending and economic growth with evidence from developed economies. Defense Economics, 2(1), 39-55. https://doi.org/10.1080/10430719008404677
Alfaro, L., Chanda, A., Kalemli-Ozcan, S. & Sayek, S. (2004). FDI and economic growth: role of financial markets. Journal of International Economics, 64(1), 89-112. https://doi.org/10.1016/S0022-1996(03)00081-3
Al-rawashdeh, S.T., Nsour, J.H. & Slameh, R.S. Forecasting Foreign Direct Investment in Jordan for the Years (2011 -2030). International Journal of Business and Management, 6(10), 138-154. https://doi.org/10.5539/ijbm.v6n10p138
AlShammri, N. & ALSarhan, A. (2012). Foreign Direct Investment in Developing Asia according to the Location Advantage Hypotheses. Arab Journal of Administrative science, 19(3).
Alsmadi, A.A. & Oudat, M.S. (2019). The effect of foreign direct investment on financial development: Empirical evidence from Bahrain. Ekonomski pregled, 70(1), 22-40. https://doi.org/10.32910/ep.70.1.2
Ang, J.B. (2008). Financial development and the FDI-growth nexus: The Malaysian experience. Journal of Applied Economics, 41, 1595-601. https://doi.org/10.1080/00036840701222553
Challis, R. E. & Kitney, R. I. (1991). Biomedical signal processing (in four parts). Part 1. Time-domain methods. Medical & Biological Engineering & Computing, 28, 509-524. https://doi.org/10.1007/BF02446290
Choe, J.I. (2003). Do foreign direct investment and gross domestic investment promote economic growth? Review of Development Economics, 7(1), 44-57. https://doi.org/10.1111/1467-9361.00174
Dunning, J.H. (1988). The eclectic paradigm of international production: a restatement and some possible extensions. Journal of International Business Studies, 19(1), 1-31. https://doi.org/10.1057/palgrave.jibs.8490372
Gujarati, D.N., Porter, D.C. & Gunasekar, S. (2009). Basic Econometrics. 5th edition. New York: McGraw-Hill.
Hansson, P. & Henrekson, M. (1994). A new framework for testing the effect of government spending on growth and productivity. Public Choice, 81(3/4), 381-401. https://doi.org/10.1007/BF01053239
Jude, C. & Levieuge, G. (2013). Growth effect of FDI in developing economies: The role of institutional quality. MPRA Paper No. 49321. Retrieved from: http://mpra.ub.uni-muenchen.de/49321/1/MPRA_paper_49321.pdf (accessed August 28, 2013).
Karaalp, B. (2014). Does foreign direct investment affect economic growth? The case of Turkey. International Journal of Social Economics, 41(6), 434-449. https://doi.org/10.1108/IJSE-02-2012-0173
Kardoush, M. (2004). Qualified Industrial Zones and the Jordanian Quest for Sustainable Development. Amman, Jordan: Jordanian Center for Public Policy Research and Dialogue.
Kok, R. & Ersoy, B.A. (2009). Analyses of FDI determinants in developing countries. International Journal of Social Economics, 36(1/2), 105-123. https://doi.org/10.1108/03068290910921226
Li, X. & Liu, X. (2005). Foreign direct investment and economic growth: an increasingly endogenous relationship. World Development, 33(3), 393-407. https://doi.org/10.1016/j.worlddev.2004.11.001
Mencinger, J. (2003). Does foreign direct investment always enhance economic growth? Kilkos, 56(4), 491-508. https://doi.org/10.1046/j.0023-5962.2003.00235.x
Omisakin, O., Adeniyi, O., & Omojolaibi, A. (2009). FDI, trade openness and growth in Nigeria. Journal of Economic Theory, 3(2):13-18.
Pesaran, M.H., Shin, Y. & Smith, R.J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, (16)3, 289-326. https://doi.org/10.1002/jae.616
Sufian, E. & Moise G. (2010). Another look at the determinants of foreign direct investment in MENA countries: An empirical investment. Journal of Economic Development, 35(2). https://doi.org/10.35866/caujed.2010.35.2.005
Wint, A.G. & Williams, D. (2002). Attracting FDI to developing countries: A changing role for government?. International Journal of Public Sector Management, (15)5, 361-374. https://doi.org/10.1108/09513550210435719
Zhang, J., Alon, I. & Chen, Y. (2014). Does Chinese investment affect Sub-Saharan African growth?. International Journal of Emerging Markets, 9(2), 257-275. https://doi.org/10.1108/IJoEM-10-2013-0171
dc.rights.spa.fl_str_mv Mohammad Salem Oudat, Ayman Abdalmajeed Alsmadi, Najed Massad Alrawashdeh - 2019
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dc.publisher.spa.fl_str_mv Universidad Católica de Colombia
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spelling Oudat, Mohammad Salem2ecdae82-ba8f-437b-92e7-6b01ddb822de300Alsmadi, Ayman Abdalmajeedfb058b62-f5fe-4493-8b8a-c687e1b42597300Alrawashdeh, Najed Massad72536e71-d7f1-4a43-8e03-bbe68ede63953002019-01-01 00:00:002023-01-23T16:15:36Z2019-01-01 00:00:002023-01-23T16:15:36Z2019-01-01Este artículo investiga las elasticidades a largo y corto plazo entre  el producto interno bruto y la IED en Jordania. El estudio utiliza datos anuales para analizar la relación entre la IED y el crecimiento económico para el periodo de 1992-2013. Los datos para las variables IED y PIB se obtuvieron de los Indicadores del Desarrollo Mundial y del Banco Mundial, y se utilizó el enfoque ARDL. Los resultados muestran elasticidades de largo y corto plazo en la IED y el PIB. En general, los responsables políticos de Jordania centran sus esfuerzos para atraer más IED a la economía jordana. Esto se debe a que se espera que más IED en la economía jordana conduzca a una disminución de los obstáculos económicos (por ejemplo, disminución de la tasa de desempleo y mayor nivel de inversión).This paper investigates both long-run and short-run elasticities between gross domestic product and foreign direct investment (FDI) in Jordan. Annual data have been used in order to explore the relationship between foreign direct investments (FDI) with economic growth for the period 1992-2013. Data were collected for both variables (FDI and GDP) from the World Bank and World Development Indicators, and the Autoregressive Distributed Lag Model (ARDL) approach was used. The results show long-run and short-run elasticities in foreign direct investment (FDI) and GDP. The results indicate that Jordanian policy makers focus their efforts to attract more FDI to Jordanian economy. This is because more FDI is expected to lead to a decrease in economic obstacles in Jordan (e.g., increased level of investment, decreased unemployment rate).application/pdftext/html10.14718/revfinanzpolitecon.2019.11.1.42011-76632248-6046https://hdl.handle.net/10983/29412https://doi.org/10.14718/revfinanzpolitecon.2019.11.1.4spaUniversidad Católica de Colombiahttps://revfinypolecon.ucatolica.edu.co/article/download/2889/2632https://revfinypolecon.ucatolica.edu.co/article/download/2889/2976Núm. 1 , Año 20196315511Revista Finanzas y Política EconómicaAbu Ghunmia, D., Al-Zu'bib, B., Badreddinec, S. & Chaudhryd, Sh. (2013). Foreign Direct Investments in Jordan. International journal of business, 18(3), 256.Aitken, B.J. & Harrison, A.E. (1999). Do domestic firms benefit from direct foreign investment? Evidence from Venezuela. The American Economic Review, 89(3), 605-618. https://doi.org/10.1257/aer.89.3.605Alexander, W.R.J. (1990). The impact of defense spending on economic growth: a multi-sectoral approach to defense spending and economic growth with evidence from developed economies. Defense Economics, 2(1), 39-55. https://doi.org/10.1080/10430719008404677Alfaro, L., Chanda, A., Kalemli-Ozcan, S. & Sayek, S. (2004). FDI and economic growth: role of financial markets. Journal of International Economics, 64(1), 89-112. https://doi.org/10.1016/S0022-1996(03)00081-3Al-rawashdeh, S.T., Nsour, J.H. & Slameh, R.S. Forecasting Foreign Direct Investment in Jordan for the Years (2011 -2030). International Journal of Business and Management, 6(10), 138-154. https://doi.org/10.5539/ijbm.v6n10p138AlShammri, N. & ALSarhan, A. (2012). Foreign Direct Investment in Developing Asia according to the Location Advantage Hypotheses. Arab Journal of Administrative science, 19(3).Alsmadi, A.A. & Oudat, M.S. (2019). The effect of foreign direct investment on financial development: Empirical evidence from Bahrain. Ekonomski pregled, 70(1), 22-40. https://doi.org/10.32910/ep.70.1.2Ang, J.B. (2008). Financial development and the FDI-growth nexus: The Malaysian experience. Journal of Applied Economics, 41, 1595-601. https://doi.org/10.1080/00036840701222553Challis, R. E. & Kitney, R. I. (1991). Biomedical signal processing (in four parts). Part 1. Time-domain methods. Medical & Biological Engineering & Computing, 28, 509-524. https://doi.org/10.1007/BF02446290Choe, J.I. (2003). Do foreign direct investment and gross domestic investment promote economic growth? Review of Development Economics, 7(1), 44-57. https://doi.org/10.1111/1467-9361.00174Dunning, J.H. (1988). The eclectic paradigm of international production: a restatement and some possible extensions. Journal of International Business Studies, 19(1), 1-31. https://doi.org/10.1057/palgrave.jibs.8490372Gujarati, D.N., Porter, D.C. & Gunasekar, S. (2009). Basic Econometrics. 5th edition. New York: McGraw-Hill.Hansson, P. & Henrekson, M. (1994). A new framework for testing the effect of government spending on growth and productivity. Public Choice, 81(3/4), 381-401. https://doi.org/10.1007/BF01053239Jude, C. & Levieuge, G. (2013). Growth effect of FDI in developing economies: The role of institutional quality. MPRA Paper No. 49321. Retrieved from: http://mpra.ub.uni-muenchen.de/49321/1/MPRA_paper_49321.pdf (accessed August 28, 2013).Karaalp, B. (2014). Does foreign direct investment affect economic growth? The case of Turkey. International Journal of Social Economics, 41(6), 434-449. https://doi.org/10.1108/IJSE-02-2012-0173Kardoush, M. (2004). Qualified Industrial Zones and the Jordanian Quest for Sustainable Development. Amman, Jordan: Jordanian Center for Public Policy Research and Dialogue.Kok, R. & Ersoy, B.A. (2009). Analyses of FDI determinants in developing countries. International Journal of Social Economics, 36(1/2), 105-123. https://doi.org/10.1108/03068290910921226Li, X. & Liu, X. (2005). Foreign direct investment and economic growth: an increasingly endogenous relationship. World Development, 33(3), 393-407. https://doi.org/10.1016/j.worlddev.2004.11.001Mencinger, J. (2003). Does foreign direct investment always enhance economic growth? Kilkos, 56(4), 491-508. https://doi.org/10.1046/j.0023-5962.2003.00235.xOmisakin, O., Adeniyi, O., & Omojolaibi, A. (2009). FDI, trade openness and growth in Nigeria. Journal of Economic Theory, 3(2):13-18.Pesaran, M.H., Shin, Y. & Smith, R.J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, (16)3, 289-326. https://doi.org/10.1002/jae.616Sufian, E. & Moise G. (2010). Another look at the determinants of foreign direct investment in MENA countries: An empirical investment. Journal of Economic Development, 35(2). https://doi.org/10.35866/caujed.2010.35.2.005Wint, A.G. & Williams, D. (2002). Attracting FDI to developing countries: A changing role for government?. International Journal of Public Sector Management, (15)5, 361-374. https://doi.org/10.1108/09513550210435719Zhang, J., Alon, I. & Chen, Y. (2014). Does Chinese investment affect Sub-Saharan African growth?. International Journal of Emerging Markets, 9(2), 257-275. https://doi.org/10.1108/IJoEM-10-2013-0171Mohammad Salem Oudat, Ayman Abdalmajeed Alsmadi, Najed Massad Alrawashdeh - 2019info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2https://creativecommons.org/licenses/by-nc-sa/4.0/https://revfinypolecon.ucatolica.edu.co/article/view/2889FdiGdpFinancial developmentElasticitiesJordanFdiGdpFinancial developmentElasticitiesJordanIedPibDesenvolvimento financeiroElasticidadesJordâniaInversión extranjera directa y crecimiento económico en Jordania : una investigación empírica que utiliza la prueba de límites de cointegración.Foreign direct investment and economic growth in Jordan : an empirical research using the bounds test for cointegration.Artículo de revistahttp://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Textinfo:eu-repo/semantics/articleJournal articlehttp://purl.org/redcol/resource_type/ARTinfo:eu-repo/semantics/publishedVersionPublicationOREORE.xmltext/xml2796https://repository.ucatolica.edu.co/bitstreams/589ed9dc-f409-44b0-ae8a-aef23242d70a/download3a29dca6b825f09e0d372d6968d80ed4MD5110983/29412oai:repository.ucatolica.edu.co:10983/294122023-03-24 17:11:50.308https://creativecommons.org/licenses/by-nc-sa/4.0/Mohammad Salem Oudat, Ayman Abdalmajeed Alsmadi, Najed Massad Alrawashdeh - 2019https://repository.ucatolica.edu.coRepositorio Institucional Universidad Católica de Colombia - RIUCaCbdigital@metabiblioteca.com