The Impact of Foreign Direct Investment, Financial Development, and Trade Opennes on Economic Growth Emerging Markets
The Impact of Foreign Direct Investment, Urban Population and Renewable Energy on Economic Growth in the ASEAN Region
June 2, 2025Firm Liquidity, Profitability and Corporate Social Responsibility Expenditure of Listed Manufacturing Firms in Nigeria
June 5, 2025The Impact of Foreign Direct Investment, Financial Development, and Trade Opennes on Economic Growth Emerging Markets
ABSTRACT: This study aims to analyze the effect of foreign direct investment (FDI), financial development (FD), and trade openness (TO) on the economic growth of emerging markets. The method used is Autoregressive Distributed Lag (ARDL) to identify the short-term and long-term effects between variables. The estimation results show that in the long term FDI, FD and TO show positive and significant values on economic growth while in the short term FDI shows positive but not significant values on economic growth, only FD and TO show positive and significant values on the economic growth of Emerging Markets countries. Therefore, it is expected that countries that are members of Emerging Markets take strategic steps to improve the financial sector and international trade between developing countries.
KEYWORDS–Foreign Direct Investment, Financial Development, Trade Openness, Economic Growth