چکیده:
Economic growth and development are important economic goals for every country and have been the focus of economic planners for a long time. Therefore, with the formation and development of growth models in economic literature, the category of investment and capital provision has been placed in the focus of researchers and policymakers as one of the basic economic issues. This research aims to examine the asymmetric effects of foreign direct investment on economic growth in Iran by applying the nonlinear autoregressive distributed Lag (NARDL) and existing theories in this field, with seasonal data from 2001 to 2021. The research results show that the positive shock of foreign direct investment has a positive effect, and the negative shock of foreign direct investment has a negative and significant effect on economic growth in the long term. Also, the positive shock of the degree of trade openness has a positive effect, and the negative shock of the degree of trade openness has a negative and significant effect on economic growth in the long run. In addition, the results show that the balance of payments also has a positive and significant effect on economic growth in the long term. Finally, the results of the Wald test also show that the effects of foreign direct investment shocks and trade openness are asymmetric in both the short and long term
خلاصه ماشینی:
Journal of Applied Economic Theory / Year 11 / Issue 4 / Winter 2024 / Pages 33-66 Asymmetric Effects of Foreign Direct Investment on Economic Growth in Iran: A NARDL Approach Mostafa Samiee Nasab Associate Professor of Economics, Imam Sadiq University (AS), Samiee@isu.
#$$001 Journal of Applied Economic Theories / Year 11 / Issue 4 / Winter 2024 39 2- Literature Review The relationship between foreign direct investment (FDI) and economic growth, especially in the context of trade openness and the balance of payments, is one of the important topics in economics.
Researchers such as Kobrin6 (2005) and Makila and Utara7 (2002) believe that FDI usually leads to the creation of new jobs; with the increase in the number of jobs, household income rises and the demand for goods and services also increases (Farrell and Winkler 2014,8); because a new factory established by a foreign company not only provides jobs for local workers but also causes the prosperity of side businesses 40 Asymmetric effects of foreign direct investment on Iran's economic growth ...
#$ Journal of Applied Economic Theories/ Year 12/ Issue 4/ Winter 2024 43 Demir (2022), in a study, examined the long-term effects of foreign direct investment growth in Turkey based on ARDL and NARDL analysis during the years 1970-2020.
Therefore, in this section, the asymmetric effects of foreign direct investment, trade openness, and balance of payments on Iran's economic growth during the period (1380:1-1400:4) are investigated using the NARDL nonlinear autoregressive distributed lag model presented by Shin et al.
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