Economic Diversification, Economic Growth & FDI: Analysis in Some GCC Countries

Khalid W. Wazani () and Abeer M. Rashdan ()
Additional contact information
Khalid W. Wazani: Mohammed Bin Rashid School of Government (MBRSG), Professor of Economics & Public Policy
Abeer M. Rashdan: Future University in Egypt

Chapter Chapter 6 in Proceedings of the Global Conference on Economic Diversification 2024, 2026, pp 119-148 from Springer

Abstract: Abstract The main aim of the study is twofold: first, to explore the relationship between economic diversification (ED) and real economic growth. Secondly, to examine that relationship in connection with the flow of Foreign Direct Investment (FDI). The study utilizes the raw data of the Economic Diversification Index (EDI) over the last couple of decades for the main four Arab Oil Abundant countries (KSA, UAE, Qatar, and Bahrain). The research employs four separate ARDL models. The main findings for economic diversification impact on economic growth were significantly positive in the long run for (UAE, Bahrain, and KSA), and negatively associated in the short run for the four countries. However, regarding the FDI and ED association, the results reveal a positive impact except for Bahrain and a negative association in the short run for KSA and Bahrain.

Keywords: Economic diversification; Economic growth; FDI; Cointegration (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-981-95-2022-0_6

Ordering information: This item can be ordered from
http://www.springer.com/9789819520220

DOI: 10.1007/978-981-95-2022-0_6

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().