Влияние прямых иностранных инвестиций на экономический рост в развивающихся странах / The impact of Foreign Direct Investment on economic growth in developing countries
Аннотация
This research study delves into the dynamic relationship between Foreign Direct Investment (hereinafter referred to as FDI) and economic development in a selected group of developing countries. Drawing on extensive data spanning from 1997 to 2021, the study employs sophisticated econometric models, including fixed effects and random effects regression models, to comprehensively analyze the short- and long-term effects of FDI on economic growth. The findings shed light on a positive long-term impact of FDI on economic growth, underscoring its potential as a catalyst for sustainable development, despite the presence of potential short-term adverse effects.
The analysis also reveals the complex interactions between FDI and other significant macroeconomic factors that influence these countries' economic growth trajectories, including net domestic credit, inflation, the official exchange rate, expenditures on education, and trade openness. The comprehensive study provides insightful information about the complex interactions and relationships that characterize the economic systems of developing countries. Building upon the empirical evidence, the study formulates pertinent policy recommendations aimed at empowering the governments of these countries to optimize FDI inflows and foster sustainable economic growth. These recommendations encompass a range of strategic actions, including the development of conducive investment environments, the formulation of effective regulatory frameworks, the enhancement of infrastructure and technological capabilities, and the nurturing of strategic partnerships between local and international stakeholders.
So, this research advances the understanding of the complex relationship between FDI and economic development in developing countries. This study provides the framework for evidence-based policymaking and strategic decision-making by outlining the beneficial long-term impact of FDI on economic growth as well as its complex interplay with other macroeconomic variables.
The analysis also reveals the complex interactions between FDI and other significant macroeconomic factors that influence these countries' economic growth trajectories, including net domestic credit, inflation, the official exchange rate, expenditures on education, and trade openness. The comprehensive study provides insightful information about the complex interactions and relationships that characterize the economic systems of developing countries. Building upon the empirical evidence, the study formulates pertinent policy recommendations aimed at empowering the governments of these countries to optimize FDI inflows and foster sustainable economic growth. These recommendations encompass a range of strategic actions, including the development of conducive investment environments, the formulation of effective regulatory frameworks, the enhancement of infrastructure and technological capabilities, and the nurturing of strategic partnerships between local and international stakeholders.
So, this research advances the understanding of the complex relationship between FDI and economic development in developing countries. This study provides the framework for evidence-based policymaking and strategic decision-making by outlining the beneficial long-term impact of FDI on economic growth as well as its complex interplay with other macroeconomic variables.