THE IMPACT OF FOREIGN DIRECT INVESTMENT, EMPLOYMENT RATE, AND POPULATION GROWTH ON THE EG OF DEVELOPING COUNTRIES

Abstract

Because of the unpredictability of global economic situations, EG (EG) has garnered worldwide attention. Recent studies and policymakers must pay close attention to this element. Hence, this study investigates the effect of foreign direct investment (FDI), employment rate, population growth, inflation, and industrialization on the EG of developing nations. The researchers used secondary data from the World Development Indicators (WDI) database from 2011 to 2021. The researchers also utilized the cross-sectional augmented distributed lag (CS-ARDL) method to examine the association between the constructs under investigation. Results demonstrated a favorable relationship between FDI, employment rate, population growth, inflation, and industrialization and the EG of developing countries. The research assists policymakers in formulating strategies for achieving high EG through high FDI, employment, and population growth.