CAUSALITY ARDL ANALYSIS OF ECONOMIC EXPANSION FOREIGN DIRECT INVESTMENT AND EXPORTS: A CASE STUDY OF THE COUNTRIES (MINT)
Hassan Ajmal and
Amna Khalid
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Hassan Ajmal: COMSATS University, Islamabad
Amna Khalid: COMSATS University, Islamabad
Bulletin of Business and Economics (BBE), 2021, vol. 10, issue 2, 67-75
Abstract:
FDI is favorable or not for the newly emerging economies the purpose of the research is to check the overall assistance of FDI so I have chosen the MINT countries for the analysis and done the time series analysis of these MINT countries and MINT countries include Mexico, Indonesia, Nigeria and Turkey and the technique used to find the bounding and assistance is ARDL bound test and the other is granger causality test the variable used to find the results are GDP, FDI, and Exports of goods and services and the data is taken from the year 1970-2019 so the findings of our research show that bound test rejects Ho means null hypothesis shows all the long-run relationship among these variables and the granger test shows that the relation between GDP to FDI in the case of Indonesia will reject Ho so after analysis we conclude that there is only one granger causality can be caused and this causality is unidirectional from GDP to FDI in the case of Indonesia only.
Keywords: MINT countries; FDI; Bounds testing approach; causality; export; economic growth (search for similar items in EconPapers)
JEL-codes: C30 F21 F43 O40 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:10:y:2021:i:2:p:67-75
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