The application of spatial econometric study of factors affecting private investment in selected countries: panel data approach

hasan mollagasemi¹

1) iran Islamic Azad University of Khoy Email:

IOI Code : XYCH-AEBHD
Publication : 3rd International conference on Management , Economics and Humanities(icmeh.org)
Abstract :
    This paper attempts to identify causes of Islamic investment and private sector participation in selected countries using spatial econometric test case for the country. For this purpose, the Statistics private sector participation and investment in selected countries, in the form of panel data from 2001 to 2014 were used. Investment equation using static (fixed effects Vtsadfy) Vpvya (GMM GMM) panel data econometrics in both conventional and spatial estimates. The results indicate that spatial correlation estimates between countries and therefore the use of this estimation is justified. On the other hand, GDP, Rshdjmyt rate, foreign direct investment, openness, macroeconomic and adjacent countries on investment and investment lagged effect of interest rates, the negative effect on it.provide.

Keywords : spatial econometrics investment and private sector participation islamic countries panel data static panel vpvya