The impact of foreign direct investment on exports in Jordan: An empirical analysis
Vol. 12, No 3, 2019
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Shahriyar Mukhtarov
Department of World Economy, Baku Engineering University UNEC Empirical Research Center, Azerbaijan State University of Economics (UNEC), Azerbaijan smuxtarov@beu.edu.az |
The impact of foreign direct investment on exports in Jordan: An empirical analysis |
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Mustafa Mohammad Alalawneh
School of Economics and Management, Khazar University Azerbaijan falconengineer81@yahoo.com Elsevar Ibadov
Department of Accounting and Audit, Baku Engineering University School of Business, Azerbaijan State University of Economics (UNEC) Azerbaijan eibadov@beu.edu.az Ayten Huseynli
Department of Economics and Management, Azerbaijan State University of Economics (UNEC) Azerbaijan a.huseynli@unec.edu.az
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Abstract. This study investigates the impact of foreign direct investment (FDI) on exports in the case of Jordan, employing Autoregressive Distributed Lag Bounds Testing (ARDL BT) cointegration approach to the data ranging from 1980 to 2018. The results indicate that there is a long-run relationship among the variables. Also, we find that there is a positive and statistically significant impact of FDI on export in the long-run. The estimation results indicate that a 1% increase in FDI increases exports by 0.13%.
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Received: December, 2018 1st Revision: February, 2019 Accepted: July, 2019 |
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DOI: 10.14254/2071-8330.2019/12-3/4
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JEL Classification: E20, E22, F10, F21 |
Keywords: foreign direct investment, exports, ARDL, Jordan |
