Does Sudan's Removal from State Sponsors of Terrorism Designation Affect Foreign Direct Investment (FDI)? "A Multivariate Analysis Combining VECM and ARDL Analysis" (1974-2019).

ABSTRACT: Thanks to the great political and economic global openness that Sudan witnessed in late 2020, the USA decided to remove Sudan from the terrorism sponsors designation. The paper seeks to investigate whether Sudan's removal from the state sponsors of terrorism designation affects foreign direct investment (FDI). Data covered the 1974-2019 period, using a multivariate analysis combining VECM and ARDL models. Evidence reveals that the political and economic global openness headed by the removal of Sudan from state sponsors of terrorism designation, agricultural and oil investment as well as minerals investment opportunities are key variables that attract foreign direct investment in Sudan and affect FDI inflows positively and significantly in the long run. Policymakers should benefit from the

SUBMITTER: Elneel FA 

PROVIDER: S-EPMC10236400 | biostudies-literature | 2023 Jun

REPOSITORIES: biostudies-literature