IDEAS home Printed from https://ideas.repec.org/p/sek/iefpro/6909562.html
   My bibliography  Save this paper

Determinants of Foreign Direct Investment in Gulf Cooperation Council (GCC) Region

Author

Listed:
  • Majed Alharthi

    (King Abdulaziz University)

Abstract

This study aims to find the main determinants of foreign direct investment (FDI) in Gulf Cooperation Council (GCC) Region using a panel data from 1996-2016. The GCC region is facing new economic reforms as a result of low oil prices when oil is the main product of GDP in GCC. In addition, GCC impose tax in 2018 that would affect economy negatively due to lowering in purchase power. Based on lower prices of oil, Saudi Arabia released a plan called Vision 2030. This vision was announced in 26 April 2016 by Crown Prince Mohammad bin Salman. The main reason behind this vision is to diversify economy. The FDI is one of the most important indicators to realize this diversity of economy. In this study, the data was collected through the United Nations Conference of Trade and Development, World Bank and International Monetary Fund (IMF) databases. The data was analyzed through fixed-effects model and random-effects model. The GDP is found to have a significant and positive impact on FDI. The Arab Spring affected the FDI negatively and significantly through the period of the study.

Suggested Citation

  • Majed Alharthi, 2018. "Determinants of Foreign Direct Investment in Gulf Cooperation Council (GCC) Region," Proceedings of Economics and Finance Conferences 6909562, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:6909562
    as

    Download full text from publisher

    File URL: https://iises.net/proceedings/10th-economics-finance-conference-rome/table-of-content/detail?cid=69&iid=002&rid=9562
    File Function: First version, 2018
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sahar Hassan Khayat, 2021. "Determinants of International Foreign Portfolio Investment Flows to GCC Countries: An Empirical Evidence," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(10), pages 1-51, July.

    More about this item

    Keywords

    foreign direct investment; Gulf Cooperation Council; Vision 2030;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sek:iefpro:6909562. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klara Cermakova (email available below). General contact details of provider: https://iises.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.