“…Foreign direct investment (FDI) as an economic phenomenon has in last few decades overseen transfer of technology, skills, and economic progress (Balaban, Živkov, & Milenković, 2019; Buckley & Munjal, 2017; Iwasaki & Tokunaga, 2016; Li & Yang, 2020; Rojec, 2019; Šušteršič & Kejžar, 2020; Talbi, Jebli, Bashir, & Shahzad, 2020). Although it has created significant economic impact, we are yet to link FDI with economic changes in emerging economies, who are blessed with abundant natural resources (Ndikumana & Sarr, 2019; Pan, 2017; Zhao, Wong, Wong, & Jiang, 2020).…”