publication . Article . 2016

natural resources and fdi in gcc countries

Mohamed Mahjoub Elheddad;
Open Access
  • Published: 01 Aug 2016 Journal: International Journal of Business and Social Research, volume 6, page 12 (issn: 2164-2540, eissn: 2164-2559, Copyright policy)
  • Publisher: LAR Center Press
Abstract
<jats:p>&lt;p&gt;Natural resources are a blessing for some countries to attract FDI but cursed for others. Existing literature argues the suggestion that resource-rich countries attract less FDI because of resource (oil) price volatility. This study examines that natural resources discourage FDI in GCC countries (the FDI-Natural resources curse hypothesis), using panel data analysis for six oil dependent countries during 1980-2013 and applying several econometrics techniques. The main findings of this paper is that natural resources measured by oil rents have a negative association with FDI inflows; this negative impact is robust even when other FDI determinates...
Subjects
free text keywords: Endogeneity, Volatility (finance), Foreign direct investment, International economics, Economics, Economic rent, media_common.quotation_subject, media_common, Corruption, Panel data, Openness to experience, Natural resource, Economic growth, endogeneity, FDI, GCC region, natural resources, panel data., Business, HF5001-6182
Related Organizations
Powered by OpenAIRE Open Research Graph
Any information missing or wrong?Report an Issue
publication . Article . 2016

natural resources and fdi in gcc countries

Mohamed Mahjoub Elheddad;