Influential Factors on Economic Growth of OIC's Members: A Survey
Author(s):
Abstract:
Today most of the developing countries in spite of undesirable domestic conditions and economic problems, are attempting to reach to constant and stable economic growth. While a stable economic growth requires to accumulating productive sources, it can help to productivity and efficiency of those resources. This article is discussing influential factors on economic growth of OIC's members. Using panel data regression, fixed effect and random effect and OLS method, the role of two variables of foreign investment and value in industry sector have been evaluated by four models. The findings show that the variables like human capital, trade freedom and foreign direct investment have positive and valid coefficient but the inflation variable has negative but valid coefficient. The results have coincidence with macro-economic theory completely.
Language:
Persian
Published:
Journal of Development strategy, Volume:6 Issue: 2, 2010
Page:
81
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