Papers by Hosein Elboiashi
Journal of economics and international finance, Feb 28, 2015
In spite of a large increase in FDI inflows to developing countries, the effect of FDI flows on e... more In spite of a large increase in FDI inflows to developing countries, the effect of FDI flows on economic growth remains confusing. The recent contribution of modern economic growth theories in general predicts that FDI can be the main catalyst of economic growth in the receiving countries. Empirical studies, however, produce ambiguous results, and suggest that the growth effects of FDI are conditional on the host country characteristics. The main purpose of this paper is to examine the growth-effect of FDI in a selected sample from developing countries from 1970 to 2005. Particularly, the paper examines the following specific research question: Does FDI contribute to economic growth in developing countries alone or does it depend on its initial conditions? By applying GMM panel data technique, the paper finds that that FDI has in general a positive impact on economic growth, but its magnitude depends on the host country conditions to achieve a economic growth and sustainable development. The results of this paper clearly show that domestic investment, human capital, infrastructure development, financial market development, trade openness and institution quality positively related to economic growth. The results also show that the technology gap is negatively related to economic growth Key words: Foreign direct investment, absorptive capacity, economic growth, GMM panel data framework, developing countries. the fundamental debates in development and international economics. Recently, this question has received a lot of consideration in the economic literature. So far, it seems that this debate has not been conclusive. The recent contribution of modern economic growth
The effect of FDI and other foreign capital inflows on growth and investment in developing econom... more The effect of FDI and other foreign capital inflows on growth and investment in developing economies. PhD thesis.
Journal of Economic Studies , 2023
This paper aims to analyses and study the impact of political stability and violence on the Libya... more This paper aims to analyses and study the impact of political stability and violence on the Libyan trade balance. To achieve this, a model was built based on the general equilibrium identity in the Libyan economy to measure the impact of political stability and violence on the Libyan trade balance. And by applying the methodology of Autoregressive distributed lagged Model (ARDL) for the period from 1986 to 2017. The results showed the high relative importance of the political stability and violence variable in explaining the changes in the Libyan trade balance, especially in the long term. In addition to the variables of the size of the domestic market, government spending, government revenue, the exchange rate of the Libyan dinar against the US dollar, and inflation in explaining the changes that occur in the Libyan trade balance. In general, the deterioration of the political, security and social conditions, armed conflicts, institutional division, and the governmental transitional period and its extension do not lead to an improvement in the economic environment of the state, and its results are in hindering the implementation and application of economic recovery tools to reach economic well-being. The Libyan parties must take into account the consequences of political and violence and security instability on the future of the Libyan economy .
Advances in Management, 2009
This paper investigates the causal relationships between foreign direct investment (FDI), domesti... more This paper investigates the causal relationships between foreign direct investment (FDI), domestic investment (DI) and economic growth (GDP) in Egyptian, Moroccan and Tunisian economies. Thus, this paper applies a cointegration time series techniques; vector error correction (VEC) model, Granger causality test within the sample period and impulse response functions (IRFs) and variance decomposition analysis (VDCs) over the sample period for the period from 1970 to 2006. This paper finds that FDI affects negatively DI and growth (GDP) in the short-run and positively in the long-run. In addition, there is uni-directional causality between FDI and growth (GDP) in Egypt and Morocco, and bi-directional causality between FDI and growth (GDP) in Tunisia. DI has played a great role for driving FDI into these countries more than growth (GDP). Also, FDI is more effective than DI for promoting growth (GDP). FDI is more effective for enhancing DI than growth (GDP). Furthermore, the results indi...
This thesis aims to investigate and study a variety of dimensions of the relationship between for... more This thesis aims to investigate and study a variety of dimensions of the relationship between foreign direct investment (FDI), domestic investment (DI) and economic growth in the host countries. The main purpose of this thesis is to empirically examine the implications of the relationship and complementarity between FDI and DI, and the contribution of the host country’s factors in achieving the benefits of FDI inflows. To achieve the aim and to examine the argument of this thesis, the thesis was structured to include six chapters, containing three empirical chapters. These empirical chapters studied different hypotheses of the relationship between FDI and economic growth. The first empirical chapter attempted to find the answer to these two questions: (a) does FDI contribute positively to GDP; and (b) does FDI really crowd out DI in the host countries. The second empirical chapter also tried to offer the answer to this question: does FDI contribute to economic growth in developing c...
Journal of Economics and International Finance
In spite of a large increase in FDI inflows to developing countries, the effect of FDI flows on e... more In spite of a large increase in FDI inflows to developing countries, the effect of FDI flows on economic growth remains confusing. The recent contribution of modern economic growth theories in general predicts that FDI can be the main catalyst of economic growth in the receiving countries. Empirical studies, however, produce ambiguous results, and suggest that the growth effects of FDI are conditional on the host country characteristics. The main purpose of this paper is to examine the growth-effect of FDI in a selected sample from developing countries from 1970 to 2005. Particularly, the paper examines the following specific research question: Does FDI contribute to economic growth in developing countries alone or does it depend on its initial conditions? By applying GMM panel data technique, the paper finds that that FDI has in general a positive impact on economic growth, but its magnitude depends on the host country conditions to achieve a economic growth and sustainable development. The results of this paper clearly show that domestic investment, human capital, infrastructure development, financial market development, trade openness and institution quality positively related to economic growth. The results also show that the technology gap is negatively related to economic growth Key words: Foreign direct investment, absorptive capacity, economic growth, GMM panel data framework, developing countries. the fundamental debates in development and international economics. Recently, this question has received a lot of consideration in the economic literature. So far, it seems that this debate has not been conclusive. The recent contribution of modern economic growth
Advances In …, 2009
... Faculty of Law, business and Social Sciences, Glasgow University, Gilbert Scott Building, Gla... more ... Faculty of Law, business and Social Sciences, Glasgow University, Gilbert Scott Building, Glasgow G12 8QQ, UK) Farhad Noorbakhsh Alberto ... The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF ...
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Papers by Hosein Elboiashi