The effect of macroeconomic variables and business environment in Yemen: Role of political stability and economic stability

The effect of macroeconomic variables and business environment in Yemen: Role of political stability and economic stability

This study was conducted to examine the impact of the foreign direct investment inflows on economic growth in Yemen, and evaluating the role of the moderating effect of political stability and economic stability on the relationships between macroeconomic variables, business environment variables a...

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Main Author: Musibah, Anwar Salem Omair
Format: Thesis
Language:eng
eng
Published: 2015
Subjects:
HB Economic Theory
JA Political science (General)
Online Access:https://etd.uum.edu.my/5738/1/s93494_01.pdf
https://etd.uum.edu.my/5738/2/s93494_02.pdf
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id my-uum-etd.5738
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institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Fadzil, Faudziah Hanim
Shahzad, Arfan
topic HB Economic Theory
JA Political science (General)
spellingShingle HB Economic Theory
JA Political science (General)
Musibah, Anwar Salem Omair
The effect of macroeconomic variables and business environment in Yemen: Role of political stability and economic stability
description This study was conducted to examine the impact of the foreign direct investment inflows on economic growth in Yemen, and evaluating the role of the moderating effect of political stability and economic stability on the relationships between macroeconomic variables, business environment variables and foreign direct investment inflows. Indeed, the study poses a new stream of research in investigating the effect of political stability and economic stability as moderating variables, recognizing the importance of political stability and economic stability as a critical variable in the course of foreign investment. Thus, the research framework of this study was designed with the integration of New Growth Theory and Firm Theory in tracing the impact of political stability and economic stability on foreign direct investment. This study used annual data for 30 years since the period of 1985 to 2014. The data was collected from the official sources such as Central Bank of Yemen, United Nations Conference on Trade and Development, World Bank and International Monetary Fund. This study used the Augmented Dickey Fuller test to check the stationary of the data and hierarchal regression using STATA statistical software packages. The moderating effects of the determinants political stability and economic stability on the relationships were empirically examined. The findings of this study revealed that gross domestic production growth rate, degree of openness, exchange rate, inflation rate, gross national income, balance of payment, corruption control index, labour cost, infrastructure were significant predictors of foreign direct investment inflows. These findings, therefore, strongly suggested that political stability and economic stability is very important for the country’s domestic and foreign investment in the future course of direction. The study proposed several practical inferences for designing suitable macroeconomic policy and undertaking measures to promote a high economic growth with rising foreign direct investment inflows in the political economy of Yemen
format Thesis
qualification_name Doctor of Business Administration (DBA)
qualification_level Doctorate
author Musibah, Anwar Salem Omair
author_facet Musibah, Anwar Salem Omair
author_sort Musibah, Anwar Salem Omair
title The effect of macroeconomic variables and business environment in Yemen: Role of political stability and economic stability
title_short The effect of macroeconomic variables and business environment in Yemen: Role of political stability and economic stability
title_full The effect of macroeconomic variables and business environment in Yemen: Role of political stability and economic stability
title_fullStr The effect of macroeconomic variables and business environment in Yemen: Role of political stability and economic stability
title_full_unstemmed The effect of macroeconomic variables and business environment in Yemen: Role of political stability and economic stability
title_sort effect of macroeconomic variables and business environment in yemen: role of political stability and economic stability
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2015
url https://etd.uum.edu.my/5738/1/s93494_01.pdf
https://etd.uum.edu.my/5738/2/s93494_02.pdf
_version_ 1747827972638769152
spelling my-uum-etd.57382021-04-04T07:59:33Z The effect of macroeconomic variables and business environment in Yemen: Role of political stability and economic stability 2015 Musibah, Anwar Salem Omair Fadzil, Faudziah Hanim Shahzad, Arfan Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HB Economic Theory JA Political science (General) This study was conducted to examine the impact of the foreign direct investment inflows on economic growth in Yemen, and evaluating the role of the moderating effect of political stability and economic stability on the relationships between macroeconomic variables, business environment variables and foreign direct investment inflows. Indeed, the study poses a new stream of research in investigating the effect of political stability and economic stability as moderating variables, recognizing the importance of political stability and economic stability as a critical variable in the course of foreign investment. Thus, the research framework of this study was designed with the integration of New Growth Theory and Firm Theory in tracing the impact of political stability and economic stability on foreign direct investment. This study used annual data for 30 years since the period of 1985 to 2014. The data was collected from the official sources such as Central Bank of Yemen, United Nations Conference on Trade and Development, World Bank and International Monetary Fund. This study used the Augmented Dickey Fuller test to check the stationary of the data and hierarchal regression using STATA statistical software packages. The moderating effects of the determinants political stability and economic stability on the relationships were empirically examined. The findings of this study revealed that gross domestic production growth rate, degree of openness, exchange rate, inflation rate, gross national income, balance of payment, corruption control index, labour cost, infrastructure were significant predictors of foreign direct investment inflows. These findings, therefore, strongly suggested that political stability and economic stability is very important for the country’s domestic and foreign investment in the future course of direction. The study proposed several practical inferences for designing suitable macroeconomic policy and undertaking measures to promote a high economic growth with rising foreign direct investment inflows in the political economy of Yemen 2015 Thesis https://etd.uum.edu.my/5738/ https://etd.uum.edu.my/5738/1/s93494_01.pdf text eng public https://etd.uum.edu.my/5738/2/s93494_02.pdf text eng public dba dba Universiti Utara Malaysia Abdul Rahman, R., & Haniffa, R. M. (2005). The effect of role duality on corporate performance in Malaysia. Corporate ownership and control, 2(2), 40-47. Aburime, T. U. (2010). Impact of corruption on bank profitability in Nigeria. EuroEconomica, 23(2). Addison, T., Khansnobis, G. B., & Mayrotas, G. (2006). Introduction and Overview. World Economy, 29(1),1-8. Agricultural Science and Technology Indicators (ASTI). Recent Investment and Capacity Trends, Gert-Jan Stads, (May, 2015). Ahuja, Ritika. (2015). 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