The relationship between foreign direct investment, financial development and growth economic in Next-11 Countries: a PMG/ARDL estimation

This study investigates the relationship between FDI, economic growth and financial development in Next 11 countries. An analysis of results was performed accordingly on panel data gathered from countries 1985 to 2019— using Pooled Mean Group (PMG) estimation method Autoregressive Distributed Lag model approach (ARDL). The indicate an impact both FDI flows during period 2019 long run, while no such proof is affirmed short run. study’s contribution provides a better understanding dynamic growth, by providing decision-makers understand nature association variables. empirical evidence about inflows within context Next-11 previous literature lacks variables for