Crowding-Out Effect of Natural Resources on Domestic Investment: The Importance of Information Communication and Technology (ICT) and Control of Corruption in the Middle East and Central Asia
Электронный научный архив УРФУ
Информация об архиве | Просмотр оригинала| Поле | Значение | |
| Заглавие |
Crowding-Out Effect of Natural Resources on Domestic Investment: The Importance of Information Communication and Technology (ICT) and Control of Corruption in the Middle East and Central Asia
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| Автор |
Abbas, S.
Rehman, F. U. Khan, S. Rehman, M. Z. Alonazi, W. B. Noman, A. A. |
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| Тематика |
CORRUPTION
CROWDING OUT CS-ARDL DOMESTIC INVESTMENT ICT NATURAL RESOURCES QR REGRESSION CENTRAL ASIA MIDDLE EAST CORRUPTION GROSS DOMESTIC PRODUCT INFORMATION AND COMMUNICATION TECHNOLOGY INVESTMENT NATURAL RESOURCE REGRESSION ANALYSIS TRADE POLICY |
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| Описание |
Countries of the Middle East and Central Asia depend heavily on natural resources for their exports, income, and employment. This study is a preliminary investigation that explores the effect of natural resources on domestic investment in a sample of 12 highly resource-dependent countries in the Middle East and Central Asia from 2000 to 2019. The recently advanced cross-sectional dependent auto-regressive distributed lag (CS-ARDL) model and panel quantile regression are employed. The results validate the accelerator theory that an increase of the non-oil GDP growth rate has a robust positive impact on domestic investment, while natural resources crowd-out domestic investment. The long-run estimate of ICT reveals a significant positive impact, while corruption shows a significant negative effect. These findings urge sample resource-dependent countries to focus on developing ICT-based enterprises and control prevailing corruption levels. Moreover, adopting liberal trade policies can also enhance domestic investment opportunities. © 2022 by the authors.
King Saud University, KSU This research was funded by Researchers Supporting Project number (RSP-2021/332), King Saud University, Riyadh, Saudi Arabia. |
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| Дата |
2024-04-08T11:07:40Z
2024-04-08T11:07:40Z 2022 |
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| Тип |
Article
Journal article (info:eu-repo/semantics/article) Published version (info:eu-repo/semantics/publishedVersion) |
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| Идентификатор |
Abbas, S, Rehman, FU, Khan, S, Rehman, MZ, Alonazi, WB & Noman, AA 2022, 'Crowding-Out Effect of Natural Resources on Domestic Investment: The Importance of Information Communication and Technology (ICT) and Control of Corruption in the Middle East and Central Asia', Sustainability (Switzerland), Том. 14, № 20, 13392. https://doi.org/10.3390/su142013392
Abbas, S., Rehman, F. U., Khan, S., Rehman, M. Z., Alonazi, W. B., & Noman, A. A. (2022). Crowding-Out Effect of Natural Resources on Domestic Investment: The Importance of Information Communication and Technology (ICT) and Control of Corruption in the Middle East and Central Asia. Sustainability (Switzerland), 14(20), [13392]. https://doi.org/10.3390/su142013392 2071-1050 Final All Open Access; Gold Open Access https://www.mdpi.com/2071-1050/14/20/13392/pdf?version=1666613111 https://www.mdpi.com/2071-1050/14/20/13392/pdf?version=1666613111 http://elar.urfu.ru/handle/10995/131498 10.3390/su142013392 85140644451 000876621800001 |
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| Язык |
en
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| Права |
Open access (info:eu-repo/semantics/openAccess)
cc-by https://creativecommons.org/licenses/by/4.0/ |
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| Формат |
application/pdf
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| Издатель |
MDPI
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| Источник |
Sustainability
Sustainability (Switzerland) |
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