Yazar "Ishdouq, Salih Majdi" seçeneğine göre listele

Listeleniyor 1 - 1 / 1
  • Küçük Resim
    Öğe
    Impact of financial development, foreign direct investment and foreign trade on the economic growth: Case study of Libya (1990-2020)
    (İstanbul Gelişim Üniversitesi Lisansüstü Eğitim Enstitüsü, 2024) Ishdouq, Salih Majdi
    The acceleration of globalization and technological diffusion has greatly helped the increase in foreign investments and the growth of trade exchange between countries around the world. However, while some countries integrated into the global economy faster than others, unfortunately, Libya was not among the countries with a developed financial system and a large trade share. Many studies have shown that foreign direct investments can solve financial problems at national and regional levels, such as lack of financial resources, and play an important role in transferring production technology and know-how to underdeveloped countries. However, the insufficient investments coming into Libya's economy have made it difficult for the country to gain a place in the global economy. This thesis study investigated the financial development level in the Libyan economy, foreign direct investment inflows, and the effects of international trade on economic growth for the period 1990–2020 through time series analysis. The empirical model included GDP per capita as the economic size variable, and used the ratio of trade volume to GDP, the share of net foreign direct investment inflows in GDP, and the financial globalization index as explanatory variables. The study used ARDL cointegration analysis as a method, and the empirical findings determined the existence of a cointegration relationship between the variables. This study revealed that there is a long-term co-integration relationship between the level of economic growth in Libya and the level of international trade, foreign direct investments, and financial globalization in the period 1990–2020. Furthermore, according to the results of the applied error correction model, the error correction coefficient is negative and statistically significant, confirming that there is a long-term relationship between the variables. It has been determined that the long-term coefficients of the explanatory variables are statistically significant, and while the effect of international trade on economic growth is positive in the long run, the effect of financial development and direct foreign investments on economic growth is negative.