外国直接投资流入对阿塞拜疆出口的作用:ARDL方法

IF 0.7 Q3 ECONOMICS
Maharram Huseynov Calal, Karimov Mehman Ilham, Nesirov Elcin Vaqif, Zeynalli Elay Calal, Tahirova Gulchin Mardan
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引用次数: 0

摘要

目的-本研究旨在调查1993年至2021年外国直接投资流入对阿塞拜疆贸易的影响。方法:本研究使用来自世界银行数据库的数据集。实证部分采用了Augmented Dickey and Fuller (ADF)、Phillips and Perron (PP)、Zivot and Andrews (ZA)、ARDL界检验方法和Granger因果检验。研究结果-约束检验显示FDI与出口之间存在协整关系。估计的长期方程表明FDI与出口之间存在积极且显著的关系,而估计的短期方程表明FDI与出口之间存在积极但不显著的关系。格兰杰因果检验结果表明,FDI与出口之间存在单向因果关系。影响-由于外国直接投资流入对阿塞拜疆的出口产生积极影响,大多数外国投资进入石油和天然气部门。因此,石油和天然气产品和服务占阿塞拜疆出口的很大份额。决策者可能需要制定新的法规,以吸引外国投资者更多地关注非石油行业。原创性/价值——有大量关于不同国家采用不同技术的外国直接投资和贸易关系的研究。这项研究是独一无二的,因为它采用了一种新的方法和最新的数据集,其中阿塞拜疆首次成为重点领域。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The role of the Foreign Direct Investment inflows on export in Azerbaijan: An ARDL approach
Purpose ― This study aims to investigate the impact of FDI inflows on Trade in Azerbaijan from 1993 to 2021. Method ― This study uses the datasets from the World Bank Database. It employs the Augmented Dickey and Fuller (ADF), Phillips and Perron (PP), Zivot and Andrews (ZA), ARDL bounds testing approach, and the Granger Causality tests for the empirical part of the study.Findings ― The bound test shows the presence of cointegration between FDI and Export. The estimated long-run equation suggests a positive and significant relationship, whereas the estimated short-run equation indicates a positive but insignificant relationship between FDI and export. Additionally, the results of Granger causality test show a unidirectional causality running from FDI to export. Implications ― Since the FDI inflows show a positive effect on the export of Azerbaijan, most foreign investments come into the oil and gas sector. Accordingly, oil and gas products and services account for a significant share of exports in Azerbaijan. Policymakers might need new regulations to attract more attention from foreign investors to non-oil sectors.Originality/value ― There were vast studies about FDI and trade relationships in different countries with different techniques. This study is unique because it employs a new methodology and the latest dataset in which Azerbaijan was a focused area for the first time.
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20.00%
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12 weeks
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