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Investigation the Links between Foreign Investment, Economic Growth and Energy Usage: Organization of the Islamic Conference Countries

Author

Listed:
  • Asma Gamoori

    (Department of Economics, Khuzestan Scince & reaserch Branch, Islamic Azad University, Ahvaz, Iran,
    Department of Economics, Ahvaz Branch, Islamic Azad University, Ahvaz, Iran,)

  • Alireza Jorjorzadeh

    (Department of Economics, Ahvaz Branch, Islamic Azad University, Ahvaz, Iran,)

  • Fatemeh Mehrabani

    (Department of Economics, Ahvaz Branch, Islamic Azad University, Ahvaz, Iran.)

Abstract

The vital importance of energy on one hand and its scarcity on the other hand requires the greater attention of the economic activists to use make a more efficient use of this production factor. Due to the difference between various energy resources as well as different performance of countries in using energy resources from technical and technological viewpoint, the investigation of the relationship between energy consumption (EC) and macroeconomic variables especially in Islamic countries is an outstanding issue. The purpose of the current study was to investigate the relationship between foreign investment, financial development (FD) and foreign trade with EC in member countries of the Organization of the Islamic Conference during the period of 2000-2014 using panel data approach. The results of the study indicated that foreign trade, investment and FD had a positive significant effect on the EC in the studied countries. Moreover, the greatest effect was attributed to the foreign trade.

Suggested Citation

  • Asma Gamoori & Alireza Jorjorzadeh & Fatemeh Mehrabani, 2017. "Investigation the Links between Foreign Investment, Economic Growth and Energy Usage: Organization of the Islamic Conference Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 304-309.
    • Handle: RePEc:eco:journ2:2017-02-36
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    Cited by:

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    2. Aleksandra G. Polyakova & Seeram A. Ramakrishna & Vladimir V. Kolmakov & Dmitry V. Zavyalov, 2019. "A Model of Fuel and Energy Sector Contribution to Economic Growth," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 25-31.
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    6. Nisful Laila & Aam S. Rusydiana & Muhamad Iqbal Irfany & Imron HR & Popon Srisusilawati & Muhamad Taqi, 2021. "Energy Economics in Islamic Countries: A Bibliometric Review," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 88-95.

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    More about this item

    Keywords

    Foreign Trade; Foreign Investment and Financial Development; Energy Consumption; Islamic Countries;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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