{"title":"The Effect of Foreign Capital Inflows on Economic Growth in Egypt","authors":"M. Abdelgany","doi":"10.21608/jocu.2022.156324.1210","DOIUrl":"https://doi.org/10.21608/jocu.2022.156324.1210","url":null,"abstract":"1 This research is designed to investigate the effects that sources of foreign capital inflows (FCI) have on economic growth in Egypt. Concentration is given to the two significant sources of FCIs in Egypt, migrant remittances (REM) and Net Official Development Aids and Assistance received (ODA) inflows. The study applies the Auto Regressive Distributed Lag (ARDL) Bounds testing method to examine cointegration based on annual time series data for Egypt from 1990 to 2020. Data for analysis are mainly collected from the World Bank development indicators data set (WBI). Results of the study indicate that REM and ODA, as the two significant sources of FCIs, have a positive and significant impact on economic growth in the long term. Indications imply that a 1% increase in REM causes GDP to grow by 0.134 %, while a 1% increase in ODA fosters economic growth by 0.109 %. Furthermore, short-term estimation indicates that the error correction form (ECM) coefficient is (-0.47), implying that GDP adjusts by 47% yearly to return to its equilibrium status. The study also confirms that remittances are the essential source of FCIs that stably grows and swells, especially since 2016 after the economic reforms in Egypt, including exchange rate devaluation and the period of (COVID-19) pandemics. This fact reflects the importance of remittances in smoothing consumption and fostering growth in origin countries, especially during economic crises.","PeriodicalId":178435,"journal":{"name":"مجلة السیاسة والاقتصاد","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131258439","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"دور الاستثمار الأجنبی المباشر فی نقل التکنولوجیا إلى مصر: دراسة قیاسیة على قطاع الطاقة المصری","authors":"فاطمة نسیم","doi":"10.21608/jocu.2022.154948.1208","DOIUrl":"https://doi.org/10.21608/jocu.2022.154948.1208","url":null,"abstract":"","PeriodicalId":178435,"journal":{"name":"مجلة السیاسة والاقتصاد","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132069780","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Response of Fiscal Policies to the Cyclical Fluctuation of Output and Expenditure for Sustainable Debt in Egypt: An Empirical Study","authors":"M. Abdelgany","doi":"10.21608/jocu.2022.157577.1214","DOIUrl":"https://doi.org/10.21608/jocu.2022.157577.1214","url":null,"abstract":"Governments strive to achieve the country's development by setting up big projects that may need massive financing, thus resorting to debt; a weak response to cyclical output and expenditure gaps may cause a breakdown in the financial balance, insolvency, and debt explosion. The rising public debt in Egypt has caused a big concern about solvency and debt sustainability. This paper examines whether Egypt's debt is sustainable and assesses its solvency. Moreover, estimating the reaction function of fiscal policies. The study uses an empirical approach. That utilizes annual series data for the period 1990 to 2020. and applies the ARDL bounds testing method to capture the effect of long-run linkage between variables and employs it in two forms. The first estimate sustainable debt by estimating the regression of public revenues on public expenditures. In the second, the study employs three separate models to examine the effect of public debt as a total, external, and domestic besides output gap, expenditure gap, oil price, and exchange rate as regressor variables on primary budget balance regressed variables. This study found debt is sustainable, and the fiscal policy is countercyclical in public debt and external but weak. And it is procyclical in the domestic model. Furthermore, the oil prices negatively affect the primary budget balance, while the devaluation of the local currency positively affects it. The study recommended that there is a need to achieve a primary surplus in the coming years and to take robust countercyclical policies to maintain the sustainability of the debt. لجم ددعلا داصتقلااو ةسايسلا ةيلك ة سداسلا رشع ربوتكأ 2022 272","PeriodicalId":178435,"journal":{"name":"مجلة السیاسة والاقتصاد","volume":"95 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121875282","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"بطاقة الأداء المتوازن کمدخل لتحسین أداء المنظمات العامة -شرکة میاه الشرب بالأسکندریة نموذجاً","authors":"هویدا محمود ابو الغیط","doi":"10.21608/jocu.2022.120142.1159","DOIUrl":"https://doi.org/10.21608/jocu.2022.120142.1159","url":null,"abstract":"","PeriodicalId":178435,"journal":{"name":"مجلة السیاسة والاقتصاد","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124728021","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}