External resources and economic growth: New evidence from EAGLE countries using PMG framework

Journal of Transnational Management Pub Date : 2017-10-02 DOI:10.1080/15475778.2017.1389597

Imtiaz Arif, Lubna Khan, S. Raza, Faiza Maqbool

引用次数: 6

Abstract

ABSTRACT This study attempts to explore the relationship between economic growth and external resources in the case of emerging and growth-leading economies (EAGLE). Among these economies, a panel of eight countries was studied over the period of 1986–2014. Empirical analyses were performed using panel cointegration and pooled mean group framework. Our findings support positive long- and short-run relationships between imports and gross domestic product (GDP). The results also reveal a negative and significant long-run relationship between foreign direct investment and GDP, whereas no significant evidence has been noted for the short run. Moreover, remittances in EAGLE countries have failed to justify any contribution to GDP in both long and short runs.

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外部资源和经济增长:使用PMG框架的EAGLE国家的新证据

摘要本研究试图探讨新兴经济体和增长主导型经济体（EAGLE）的经济增长与外部资源之间的关系。在这些经济体中，一个由八个国家组成的小组在1986年至2014年期间进行了研究。实证分析采用面板协整和集合均值组框架进行。我们的研究结果支持进口与国内生产总值之间的长期和短期正相关关系。研究结果还揭示了外国直接投资与国内生产总值之间的负面和显著的长期关系，而短期内没有显著的证据。此外，从长期和短期来看，EAGLE国家的汇款都无法证明对GDP的任何贡献是合理的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Transnational Management Social Sciences-Development

CiteScore

2.30

自引率

0.00%

发文量

期刊介绍： As the economic marketplace expands across continents and cultures, it is essential to establish a world-wide network of ideas and information that serves your transnational business interests. The Journal of Transnational Management (retitled from the Journal of Transnational Management Development to better reflect its focus) is an international forum that examines management research, teaching and training techniques, consulting, and development issues from a multicultural perspective, presenting practical business strategies that produce results on a global scale. The Journal of Transnational Management is a comprehensive resource for management in foreign environments, presenting an exchange of conceptual and empirical research on an international level. Articles written by business practitioners, management development experts, and academicians address issues related to firms, public enterprises, educational institutions, and nonprofit organizations throughout the world.