Foreign direct investment and economic growth in Jordan: An empirical research using the bounds test for cointegration
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...
- Autores:
-
Oudat, Mohammad Salem
Alsmadi, Ayman Abdalmajeed
Alrawashdeh, Najed Massad
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2019
- Institución:
- Universidad Católica de Colombia
- Repositorio:
- RIUCaC - Repositorio U. Católica
- Idioma:
- spa
- OAI Identifier:
- oai:repository.ucatolica.edu.co:10983/23682
- Acceso en línea:
- https://hdl.handle.net/10983/23682
- Palabra clave:
- IED PIB
DESARROLLO FINANCIERO
ELASTICIDADES
JORDANIA
- Rights
- openAccess
- License
- Derechos Reservados - Universidad Católica de Colombia, 2019
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Foreign direct investment and economic growth in Jordan: An empirical research using the bounds test for cointegration |
| dc.title.translated.eng.fl_str_mv |
Inversión extranjera directa y crecimiento económico en Jordania: una investigación empírica que utiliza la prueba de límites de cointegración Investimento estrangeiro direto e crescimento econômico na Jordânia: uma pesquisa empírica que utiliza o teste de limites de cointegração |
| title |
Foreign direct investment and economic growth in Jordan: An empirical research using the bounds test for cointegration |
| spellingShingle |
Foreign direct investment and economic growth in Jordan: An empirical research using the bounds test for cointegration IED PIB DESARROLLO FINANCIERO ELASTICIDADES JORDANIA |
| title_short |
Foreign direct investment and economic growth in Jordan: An empirical research using the bounds test for cointegration |
| title_full |
Foreign direct investment and economic growth in Jordan: An empirical research using the bounds test for cointegration |
| title_fullStr |
Foreign direct investment and economic growth in Jordan: An empirical research using the bounds test for cointegration |
| title_full_unstemmed |
Foreign direct investment and economic growth in Jordan: An empirical research using the bounds test for cointegration |
| title_sort |
Foreign direct investment and economic growth in Jordan: An empirical research using the bounds test for cointegration |
| 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.proposal.spa.fl_str_mv |
IED PIB DESARROLLO FINANCIERO ELASTICIDADES JORDANIA |
| topic |
IED PIB DESARROLLO FINANCIERO ELASTICIDADES JORDANIA |
| 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). |
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2019 |
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2019-09-08T01:10:03Z |
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2019-09-08T01:10:03Z |
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2019-01 |
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Artículo de revista |
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Oudat, M., Alsmadi, A. y Alrawashdeh, N. (2019). Inversión extranjera directa y crecimiento económico en Jordania: una investigación empírica utilizando la prueba de límites para la cointegración. Revista Finanzas y Política Económica, 11 (1), 55-63. doi: http://dx.doi.org/10.14718/http://doi.org/10.14718/revfinanzpolitecon.2019.11.1.4 |
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2248-6046 |
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https://hdl.handle.net/10983/23682 |
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Oudat, M., Alsmadi, A. y Alrawashdeh, N. (2019). Inversión extranjera directa y crecimiento económico en Jordania: una investigación empírica utilizando la prueba de límites para la cointegración. Revista Finanzas y Política Económica, 11 (1), 55-63. doi: http://dx.doi.org/10.14718/http://doi.org/10.14718/revfinanzpolitecon.2019.11.1.4 2248-6046 |
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Revista Finanzas y Política Económica , Vol. 11, no. 1 (ene. – jun.) p. 55-63. |
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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. 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. 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. 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. 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. Retrieved from: https://hrcak.srce. hr/217589 Ang, J.B. (2008). Financial development and the FDI-growth nexus: The Malaysian experience. Journal of Applied Economics, 41, 1595-601 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. Choe, J.I. (2003). Do foreign direct investment and gross domestic investment promote economic growth? Review of Development Economics, 7(1), 44-57. 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. 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. 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. 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. Li, X. & Liu, X. (2005). Foreign direct investment and economic growth: an increasingly endogenous relationship. World Development, 33(3), 393-407. Mencinger, J. (2003). Does foreign direct investment always enhance economic growth? Kilkos, 56(4), 491-508. 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. 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). 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. Zhang, J., Alon, I. & Chen, Y. (2014). Does Chinese investment affect Sub-Saharan African growth?. International Journal of Emerging Markets, 9(2), 257-275. |
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Oudat, Mohammad Salem2ecdae82-ba8f-437b-92e7-6b01ddb822de-1Alsmadi, Ayman Abdalmajeedfb058b62-f5fe-4493-8b8a-c687e1b42597-1Alrawashdeh, Najed Massad72536e71-d7f1-4a43-8e03-bbe68ede6395-12019-09-08T01:10:03Z2019-09-08T01:10:03Z2019-01Este 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).Este artigo pesquisa sobre as elasticidades em curto e longo prazo entre o produto interno bruto (PIB) e o investimento estrangeiro direto (IED) na Jordânia. Este estudo utiliza dados anuais para analisar a relação entre a IED e o crescimento econômico para o período de 1992-2013. Os dados para as variáveis IED e PIB foram obtidos dos Indicadores do Desenvolvimento Mundial e do Banco Mundial, e foi utilizada a abordagem Autorregressiva com Defasagens Distribuídas (ARDL). Os resultados indicam elasticidades de curto e longo prazo no IED e no PIB. Em geral, os responsáveis políticos da Jordânia focam seus esforços para atrair mais IED à economia jordana. Isso se deve a que se espera que mais IED na economia jordana leve a uma diminuição dos obstáculos econômicos (por exemplo, diminuição da taxa de desemprego, maior nível de investimento).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/pdfOudat, M., Alsmadi, A. y Alrawashdeh, N. (2019). Inversión extranjera directa y crecimiento económico en Jordania: una investigación empírica utilizando la prueba de límites para la cointegración. Revista Finanzas y Política Económica, 11 (1), 55-63. doi: http://dx.doi.org/10.14718/http://doi.org/10.14718/revfinanzpolitecon.2019.11.1.42248-6046https://hdl.handle.net/10983/23682spaUniversidad Católica de Colombia. Facultad de Ciencias Económicas y AdministrativasRevista Finanzas y Política Económica , Vol. 11, no. 1 (ene. – jun.) p. 55-63.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.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.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.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.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. Retrieved from: https://hrcak.srce. hr/217589Ang, J.B. (2008). Financial development and the FDI-growth nexus: The Malaysian experience. Journal of Applied Economics, 41, 1595-601Challis, R. E. & Kitney, R. I. (1991). Biomedical signal processing (in four parts). Part 1. Time-domain methods. Medical & Biological Engineering & Computing, 28, 509-524.Choe, J.I. (2003). Do foreign direct investment and gross domestic investment promote economic growth? Review of Development Economics, 7(1), 44-57.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.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.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.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.Li, X. & Liu, X. (2005). Foreign direct investment and economic growth: an increasingly endogenous relationship. World Development, 33(3), 393-407.Mencinger, J. (2003). Does foreign direct investment always enhance economic growth? Kilkos, 56(4), 491-508.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.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).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.Zhang, J., Alon, I. & Chen, Y. (2014). Does Chinese investment affect Sub-Saharan African growth?. International Journal of Emerging Markets, 9(2), 257-275.Derechos Reservados - Universidad Católica de Colombia, 2019info:eu-repo/semantics/openAccessAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)https://creativecommons.org/licenses/by-nc-nd/4.0/http://purl.org/coar/access_right/c_abf2IED PIBDESARROLLO FINANCIEROELASTICIDADESJORDANIAForeign direct investment and economic growth in Jordan: An empirical research using the bounds test for cointegrationInversión extranjera directa y crecimiento económico en Jordania: una investigación empírica que utiliza la prueba de límites de cointegraciónInvestimento estrangeiro direto e crescimento econômico na Jordânia: uma pesquisa empírica que utiliza o teste de limites de cointegraçãoArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/redcol/resource_type/ARTinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85PublicationORIGINAL3Inversión extranjera directa y crecimiento económico en.pdf3Inversión extranjera directa y crecimiento económico en.pdfapplication/pdf947894https://repository.ucatolica.edu.co/bitstreams/0381b146-b279-4eaf-8561-68d21db38704/download6b9d1cc5003df256739bedee93d2da2dMD51TEXT3Inversión extranjera directa y crecimiento económico en.pdf.txt3Inversión extranjera directa y crecimiento económico en.pdf.txtExtracted texttext/plain27676https://repository.ucatolica.edu.co/bitstreams/9010f044-76b1-4624-825b-d421e4c33782/downloadc4ad91c048706c9ada3b72cdff3e2debMD52THUMBNAIL3Inversión extranjera directa y crecimiento económico en.pdf.jpg3Inversión extranjera directa y crecimiento económico en.pdf.jpgRIUCACimage/jpeg24515https://repository.ucatolica.edu.co/bitstreams/63127033-9867-4afe-93e9-65df324b235d/downloada024d25ebeefc05464e8eae7a90c4ac1MD5310983/23682oai:repository.ucatolica.edu.co:10983/236822023-03-24 17:13:35.615https://creativecommons.org/licenses/by-nc-nd/4.0/Derechos Reservados - Universidad Católica de Colombia, 2019https://repository.ucatolica.edu.coRepositorio Institucional Universidad Católica de Colombia - RIUCaCbdigital@metabiblioteca.com |