The Nexus of Economic Growth, Trade Openness and Banking Sector Depth In OIC: An Application of Panel Data Analysis

Durak, İsmail; Eroğlu, Ergün

doi:10.17093/alphanumeric.640213

Cited by 3 publications

(2 citation statements)

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“…The other object of discussion is trade openness. The relationship between economic growth and trade openness is one of the most heated arguments in the literature (Durak &Eroğlu, 2019). The openness of trade can provide opportunities to export goods whose production factors use abundant resources and import goods whose production factors are rare or expensive if produced in the Country.…”

Section: Figure 1 Remittance Growth In Oic Countriesmentioning

confidence: 99%

Determinants of Economic Growth in Organization of Islamic Cooperation with Governance Index as a Moderating Variable

Ihsan¹,

Yogyakarta²

2021

jefms

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This study seeks to explore and investigate the influence of foreign direct investment, remittances, and trade openness on economic growth in the Organization of Islamic Cooperation with governance index as a moderating variable in 2005-2019. Moderated Regression Analysis analysis is used to analyze governance index variables. The use of Generalized Least Square and Generalized Method of Moments is used to determine which method is best. Sargant level of significance and value showed GMM more precisely in this study. The results of statistical testing show that all independent variables have a significant positive influence on economic growth except foreign direct investment which has a significant negative influence. This negative influence is due to the instability of investment flows. In addition, governance index can moderate foreign direct investment, remittances, and trade openness in its influence on economic growth.Thus, it can be concluded that to increase economic growth, the need for good governance index so that economic growth in the Organization of Islamic Cooperation is increasing.

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Section: Figure 1 Remittance Growth In Oic Countriesmentioning

confidence: 99%

Determinants of Economic Growth in Organization of Islamic Cooperation with Governance Index as a Moderating Variable

Ihsan¹,

Yogyakarta²

2021

jefms

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“…Hence, the ARDL model was the appropriate approach for the current study to determine the long and short term relationships between FDI and COC and other controlled variables. The panel ARDL is applied by using pooled mean group (PMG), mean group (MG) and dynamic fixed effects (DFE) estimators following(Durak & Eroğlu, 2019). But to identify the appropriate estimation technique, hausman test is conducted.…”

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confidence: 99%

Corruption: A Grabbing-Hand or a Helping-Hand for Foreign Direct Investment: Evidence From East African Countries

LAKEW

2020

strategicjournals.com

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FDI is an integral part of globalization and global economy that generates employment, enhance technological and product development, and ultimately economic development and growth. Given its importance FDI is affected by various socio-economic and political factors such as corruption. But there is no conscience whether corruption plays a grabbing-hand role or a helping hand role for FDI inflow. The aim of the study is to examine the Corruption-FDI nexus in selected East African countries for the time span 1990 to 2019. The panel ARDL model was applied using the PMG estimation technique. Based on the PMG estimation results the short run and long run relationships between FDI inflow and its determinants was analysed. The main findings showed that in long run COC positively and significantly (1%) influence FDI inflow in East African countries during the period 1990-2019. The other control variables that affect FDI inflow are INFR and TO. In the long run, INFR and TO positively and statistically significantly (1% and 5%, respectively) influence FDI inflow. Other variables such as MS and INFL have no significant impact on FDI inflow in long run. In the short run, COC, MS, INFR, INFL and TO are irrelevant to FDI inflow. Policy makers, investment bureaus, and other stake holders should work more on control of corruption (COC) to enhance the flow of FDI. Potential research can be conducted by considering other policy and investment variables using most recent data for more African countries.

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A Panel Ardl Approach to the Immiserizing Growth Hypothesis Through the Lens of Economic Complexity

ÜNSAL

2023

Dumlupınar Üniversitesi İİBF Dergisi

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Ekonomik büyüme tüm ekonomiler açısından arzu edilen bir sonuç olarak görülebilir. Ancak bazı durumlarda, ekonomik büyüme belirli bireyler veya gruplar lehine ve toplumun geri kalanı aleyhine sonuçlar doğurabilir. Buradan hareketle bu çalışma, yoksullaştıran büyüme ve ekonomik karmaşıklık arasındaki ilişkiyi ortaya koymayı amaçlamaktadır. 2003-2020 yılları arasındaki yıllık verileri içeren 95 ülke üzerinde gerçekleştirilen analizler, eş bütünleşme ve Panel ARDL yöntemleri kullanılarak yürütülmüştür. Bulgular, ekonomik karmaşıklığın uzun vadede ekonomik büyümeyi açıklamada önemli bir rol oynadığını göstermektedir. Ayrıca, ekonomik büyümenin net ihracat üzerinde olumsuz bir etkisi olduğu belirlenmiştir; yani ekonomik büyüme artışı ithalatı artırırken ihracatı azaltmaktadır. Sonuç olarak, çalışmada ekonomik karmaşıklık ile tüketim harcamaları arasındaki ilişki konusunda kesin bulgulara ulaşılamamıştır. Bu bulgulardan hareketle, yoksullaştıran büyümenin varlığına ilişkin kesin kanıtlar elde edilemediği ifade edilebilir.

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The Nexus of Economic Growth, Trade Openness and Banking Sector Depth In OIC: An Application of Panel Data Analysis

Cited by 3 publications

References 100 publications

Determinants of Economic Growth in Organization of Islamic Cooperation with Governance Index as a Moderating Variable

Determinants of Economic Growth in Organization of Islamic Cooperation with Governance Index as a Moderating Variable

Corruption: A Grabbing-Hand or a Helping-Hand for Foreign Direct Investment: Evidence From East African Countries

A Panel Ardl Approach to the Immiserizing Growth Hypothesis Through the Lens of Economic Complexity

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