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Foreign Direct Investment, Financial Development, and Economic Growth: Evidence from the Arab Countries

Omran, Mohammed; Bolbol, Ali - In: Review of Middle East Economics and Finance 1 (2003) 3, pp. 37-55

The emerging literature on foreign direct investment (FDI) now stipulates that FDIs positive impact on growth depends on absorptive capacities. Prime among these capacities is financial development. The paper provides support to this thesis in the context of the Arab countries whose financial...

Persistent link: https://www.econbiz.de/10014618723