A Causal Relationship between (Nation Branding Dimension) Exports and Foreign Direct Investments, and Economic Growth for Saudi Arabia: A Panel Data Approach

Abstract

Nation Brand Dimension Export is the largest source of Foreign Direct Investment (FDI) inflow for the developing countries of the world. This study examines the short and long run relationship between Export, FDI growth for kin by employing the Unit Root test Autoregressive and Distributed Lags (ARDL) approach in the time series framework from 1980 to 2013. Augmented Dickey Fuller (ADF) test applied for checking the stationary or non-stationary of data, while ARDL technique applied for the presence of co-integration. Long run and short run relationship among macroeconomic variables in case of Saudi Arabia. Granger causality test also applied for future forecasting between export and FDI DOI: 10.5901/mjss.2016.v7n5p52