Impact of EU- FDI on Economic Growth in Middle Eastern Countries
This paper develops a simultaneous equations model to test the process of interaction between foreign direct investment, exports and economic growth in three Middle Eastern countries: Egypt, Jordan, Oman, and test for any possible feedback effects. Most of the FDI in these countries flows from the EU. The simultaneous equations model results suggest that higher rates of economic growth result in a greater inflow of foreign capital. The regression results also suggest that interest rate differentials exert a much stronger effect than economic growth on the attraction of foreign capital in the case of Egypt. However, this variable does not seem to play a significant role in the case of Oman. Moreover, the simultaneous equations model results suggest that there is a feedback effect in the relationship between economic growth and capital inflow in all sample countries. A greater inflow of foreign capital leads to growth in the exports of good and services. The expansion in exports leads to growth in GNP, which in turn, encourages the attraction of more foreign capital.
Econometrics and Data Analysis for Developing Countries
Preface. Data Theory in Development Research. Variables and Their Distributions. Part I Regression and Data Analysis. Simple Regression with Graphics. Curve Fitting. Multiple Regression with Graphics. Misspecification with Multiple Regression. Part II Working with Data: Cross Section and Time Series Analysis. Cross Section Analysis: the Problem of Heteroscedasticity. Working with Categorical Variables. Modelling Time Series. Autocorrelation and Misspecification. Part III Modelling Simultaneous Systems. Introduction to Simultaneous Models. Identification and Estimation. Carrying out Econometric Research.
Statistics Teaching in Colleges and Universities: Courses, Instructors, and Degrees in Fall 1995
Abstract The Conference Board of the Mathematical Sciences (CBMS) is made up of 14 professional organizations in the mathematical sciences. The American Statistical Association is one of these organizations. Every five years since 1965 CBMS has conducted an extensive survey of undergraduate programs in the mathematical sciences in the United States. These studies give a detailed picture of enrollment, faculty, and instructional methods in two-year colleges, four-year colleges, and universities. This article presents selected results from the fall 1995 CBMS survey (Loftsgaarden, Rung, and Watkins 1997) about statistics courses, faculty, and degrees in departments of statistics, departments of mathematics or mathematical sciences, and in mathematics programs at two-year colleges.