Attia, F. (2018). Standardized Study of the Impact of Foreign Direct Investment One of the Determinants of Growth in Kingdom of Saudi Arabia in the Period from (2000-2017). American Academy for Science and Technology.

has been cited by the following article:

• TITLE: An Error Correction Model Analysis of the Determinants of Foreign Direct Investment: Evidence from SAUIDI ARABIA

  AUTHORS: Abdelrahman Mohamed Mohamed Saeed

  KEYWORDS: FDI, Determinants, Kingdom’s Vision 2030, ARDL Approach, Cointegration, Saudi Arabia

  JOURNAL NAME: Open Journal of Business and Management, Vol.11 No.3, May 31, 2023

  ABSTRACT: The aim of this study was to gain insights into the factors affecting Foreign Direct Investment (FDI) inflow in Saudi Arabia by applying the cointegration and error-correction model on annual data over the period 2000-2020. The results of the ARDL bound test of co-integration displayed the existence of the long-run equilibrium in the model. The long-run regression results report that openness, government spending and economic stability are statistically significant. The coefficient of exports and market size is positive and both of them are not significant. However, in the short-run, our evidence shows that exports, openness and economic stability are statistically significant at 1%. The findings of the study are important for Saudi economic policy makers to undertake effective policies that can promote and attract foreign direct investments to diversify sources of income and boost economic growth.