اثر الناتج المحلي علي الاستثمارات الاجنبية المباشرة في السودان : خلال الفترة (1990 -2005 ) دراسة تطبيقة باستخدام التكامل المشترك)

Abstract

ABSTRACT Foreign Direct Investment (FDI) plays an extraordinary role in stimulating economic growth and openness in developing countries , due to it is significant in capital formation has a greater impacton economic development in the long run. Sudan as one of the developing countries has attracted FDI since nineteenth via improving the investment climate by adopting economic liberalization policy. As a result, FDI inflows in the country is increasing over the years. This study empirically evaluates the contribution of Gross Domestic Product (GDP) as dependent variable, and other explanatory variables conclude exchange rate, openness (measured as the ratio export and import to GDP), and domestic investment ( measured as the ratio of GDP) economic growth on FDI in Sudan. By using annual data for the period (1990~2005). The statistical results show that the time series of variables are non-stationary in levels expect FDI is stationary in level. That means the ordinary statistical methods could yield wholly misleading results, and the econometric analysis shows that the exchange rate and domestic investment did not have any influence on FDI , but there was a significance influence of the gross domestic product and openness on FDI , and the co- integration test suggests that the time series of the variables are co-integrated that means they achieve an equilibrium relationship in the long run. L