Authors :
M. Rusli; Sulistya Rusgianto; Raditya Sukmana
Volume/Issue :
Volume 8 - 2023, Issue 12 - December
Google Scholar :
http://tinyurl.com/yyd3te2f
Scribd :
http://tinyurl.com/y4ztrk22
DOI :
https://doi.org/10.5281/zenodo.10441531
Abstract :
Background:
Factors affecting the economic growth of OIC
member countries are an important concern, and two of
these factors are Foreign Direct Investment (FDI) and
external debt.Objective:
It is important to consider the impact of FDI on
specific sectors, income distribution, and economic
sovereignty. A prudent policy of encouraging FDI needs
to ensurethat the benefits are equitably shared by society
and the broader economic sector.Design/Methodology/Approach:
This research method uses secondary data observed
over a five-year observation period starting in 2015 in
seven member countries of the Organisation of Islamic
Cooperation (OIC) (Indonesia, Morocco, Egypt, Nigeria,
Kazakhstan, Pakistan, Turkey) until 2019. The analysis
method used is panel data regression.Findings:
The economic growth of an OIC member country is
influenced by a number of factors, including Foreign
Direct Investment (FDI) and external debt. It is
important for member countries to manage these factors
wisely in order to maximise their benefits for long-term
economic development. Coordination among member
countries and a balance between FDI and external debt
are key to achieving inclusive and sustainable economic
growth across the OIC region.Research Implication:
Prudent and efficient policy implementation by the
government is crucial to ensure that factors such as FDI
and external debt contribute positively to economicgrowth and overall welfare.Limitations:
This research requires a holistic approach and an
in-depth understanding of the economic, political and
financial context of OIC countries. Understanding these
limitations canhelp researchers and readers to interpret
the results more carefully.
Keywords :
FDI; Foreign Debt; Economic Growth.
Background:
Factors affecting the economic growth of OIC
member countries are an important concern, and two of
these factors are Foreign Direct Investment (FDI) and
external debt.Objective:
It is important to consider the impact of FDI on
specific sectors, income distribution, and economic
sovereignty. A prudent policy of encouraging FDI needs
to ensurethat the benefits are equitably shared by society
and the broader economic sector.Design/Methodology/Approach:
This research method uses secondary data observed
over a five-year observation period starting in 2015 in
seven member countries of the Organisation of Islamic
Cooperation (OIC) (Indonesia, Morocco, Egypt, Nigeria,
Kazakhstan, Pakistan, Turkey) until 2019. The analysis
method used is panel data regression.Findings:
The economic growth of an OIC member country is
influenced by a number of factors, including Foreign
Direct Investment (FDI) and external debt. It is
important for member countries to manage these factors
wisely in order to maximise their benefits for long-term
economic development. Coordination among member
countries and a balance between FDI and external debt
are key to achieving inclusive and sustainable economic
growth across the OIC region.Research Implication:
Prudent and efficient policy implementation by the
government is crucial to ensure that factors such as FDI
and external debt contribute positively to economicgrowth and overall welfare.Limitations:
This research requires a holistic approach and an
in-depth understanding of the economic, political and
financial context of OIC countries. Understanding these
limitations canhelp researchers and readers to interpret
the results more carefully.
Keywords :
FDI; Foreign Debt; Economic Growth.
