Foreign Direct Investment and Macroeconomic Stability in Resource-Dependent Emerging Economies
This paper examines the impact of foreign direct investment (FDI) on long-term growth and macroeconomic stability in 24 resource-dependent emerging economies — current and former members of OPEC+ — over the period 1996–2023. Using fixed-effects and dynamic difference GMM estimators, alongside Dumitrescu–Hurlin panel Gr...