Does Saudi Arabia’s economy benefit from foreign investments?

Albassam, Bassam A.

doi:10.1108/bij-05-2014-0039

Cited by 20 publications

(14 citation statements)

References 16 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The literature on technology transfer purports that when MNCs invest abroad, there is high chance that technology gets transferred either directly or indirectly. This is well founded in literature based on work done to examine the role of MNCs in technology transfer (Teece, 1977;Kathuria, 2000;Esther, 2011;Bassam, 2015;Nitin, 2017).…”

Section: Foreign Direct Investmentmentioning

confidence: 99%

“…Recent literature has devoted a lot of research on direct and indirect/spillover effects through foreign investment (Aitken and Harrison, 1999;Blalock and Gertler, 2008;Meyer and Sinani, 2009;Durmaz, 2017;Jaan et al, 2013;Xin, et al, 2017;Bassam, 2015;Nitin, 2017). There is a huge controversy in the results provided by empirical evidence.…”

Section: Foreign Direct Investment In Albaniamentioning

confidence: 99%

See 1 more Smart Citation

International technology transfer: evidence on foreign direct investment in Albania

Konstandina

Gachino

2020

JES

View full text Add to dashboard Cite

PurposeThe purpose of this paper is to examine the presumed role played by foreign direct investment (FDI) in transferring technology from home country into a host country. This paper uses data from Albanian manufacturing industry; first, to examine whether foreign presence results in technology transfer and, if yes, what type of technology is more prevalent and to what extent? Second, the paper attempts to investigate the purported determinants of technology transfer.Design/methodology/approachThe paper uses two main methodological approaches; first, the technology transfer was determined using an arithmetic index developed using simple arithmetic average. This index is determined using all the industries and taking six key components of technology into consideration. They included: products; production processes; technology and innovation; supplier and customers system; human resource management, training and reporting system; financial management, marketing and organizational structure. Second, assuming a limited dependent relationship between the variables and the technology transfer, a Tobit technique was proposed to examine the significant determinants of technology transfer. Technology transfer was proxied by the technology transfer index developed.FindingsThe results clearly demonstrate that FDI plays an important role in technology transfer and that notwithstanding the industrialization of Albania. As per the technology transfer index developed, product-related technology transfer ranked highest followed by the process-related technology. The Tobit results generated indicated that firm age, performance, absorptive capacity, labor mobility, innovation, demonstration effect and systematic support were all key determinants of technology transfer. Surprisingly, size of the firm did not seem to matter.Research limitations/implicationsThe results have possible managerial and policy ramifications. First, the government should continue to provide basic infrastructure. Second, the government needs to formulate policies focused on human capital accumulation. Third, policies should be focused on firm learning and innovation in order to build technological and absorptive capabilities. Moreover, there should be increased effort to facilitate and encourage R&D. Fourth, the government should coordinate and support the institutions especially those that play a crucial role in industrial investment promotion. Fifth, the government should encourage systemic interactions among different entities. Sixth, since high competition from foreign firms can crowd out domestic investment, strategic measures to regulate such competition should be enacted.Originality/valueThe novelty in this paper is the broad conceptualization of technology transfer to include not only the direct but also the indirect mode of technology transfer, which often takes place in the form of spillovers. The physical technology transfer, as well as, its actual impact in the economy is examined to ascertain that technology transfer indeed takes place. The analytical framework adopted overlaps international business, technology transfer and technological innovation literature strands to examine the holistic process of technology transfer.

show abstract

Section: Foreign Direct Investmentmentioning

confidence: 99%

Section: Foreign Direct Investment In Albaniamentioning

confidence: 99%

International technology transfer: evidence on foreign direct investment in Albania

Konstandina

Gachino

2020

JES

View full text Add to dashboard Cite

show abstract

“…Saudi Arabia has the largest economy, accounting for 38% of GDP in the Middle East and North Africa (hereafter, MENA), and has the greatest economic and political impact in this region (Kavoossi, 2000;Bassam, 2015;Part et al, 2017;Park & Alenezi, 2018). Although economic growth subsided in both advanced and emerging G20 economies in 2018, according to Saudi Arabian Monetary Authority (hereafter, SAMA), overall, the Saudi economy remains quite resilient against disorder from growing uncertainty in the global economy and made a recognizable recovery in the same period, driven by the oil sector.…”

Section: Financial Sector and Sustainable Growth In Saudi Arabiamentioning

confidence: 99%

Insights Discovery through Hidden Sentiment in Big Data: Evidence from Saudi Arabia’s Financial Sector

Park¹,

Javed²

2020

JAFEB

View full text Add to dashboard Cite

This study aims to recognize customers' real sentiment and then discover the data-driven insights for strategic decision-making in the financial sector of Saudi Arabia. The data was collected from the social media (Facebook and Twitter) from start till October 2018 in financial companies (NCB, Al Rajhi, and Bupa) selected in the Kingdom of Saudi Arabia according to criteria. Then, it was analyzed using a sentiment analysis, one of data mining techniques. All three companies have similar likes and followers as they serve customers as B2B and B2C companies. In addition, for Al Rajhi no negative sentiment was detected in English posts, while it can be seen that Internet penetration of both banks are higher than BUPA, rarely mentioned in few hours. This study helps to predict the overall popularity as well as the perception or real mood of people by identifying the positive and negative feelings or emotions behind customers' social media posts or messages. This research presents meaningful insights in data-driven approaches using a specific data mining technique as a tool for corporate decision-making and forecasting. Understanding what the key issues are from customers' perspective, it becomes possible to develop a better data-based global strategies to create a sustainable competitive advantage.

show abstract

“…Lately it has become a member of the twenty largest economies (20G). Nevertheless, the kingdom is still counted as a developing country and a 'hostage' to changes in the oil prices (Albassam, 2015).…”

Section: Saudi Government Investormentioning

confidence: 99%

The Role of Central Bank of Jordan in Economic Development

AL-Tamimi¹,

Jaradat²,

Al-Rjoub³

2019

IJEFR

View full text Add to dashboard Cite

The main purpose of this research is to study and highlight that central bank of Jordan (CBJ) plays an important role in economic development. The objective of the financial organization shall be to keep up financial and money stability, to confirm the interchangeability of the Dinar, and to contribute in achieving the banking and money stability within the Kingdom likewise as promoting sustained economic process in accordance with the overall economic policies of the government. To achieve the above- mentioned objectives, CBJ assumes many tasks portrayed in drawing and implementing the financial policy within the Kingdom through an integrated system of monetary policy instruments, setting a evaluation policy of the Dinar compatible with the Jordanian economy, maintaining and managing the Kingdom’s reserves of gold and foreign currencies, regulation credit within the Jordanian economy so as to realize financial and money stability likewise as comprehensive economic process, and issue and regulation bank notes and coins. Subsequently, the central bank plays necessary role within the economic resource allocation of the country. The banking industry may be a major issue that affects the organization of social and economic life cycle within the economies of the planet. it is thought about as associate degree indicator of economic and social growing.. Also, developed financial set up ought to be characterized by the existence of a contemporary and complicated banking industry that contributes to achieving economic balance. It conjointly encourages domestic and foreign investment through the banking system’s ability to states. The aim of the banking industry is to draw in savings domestically and abroad, and direct those savings into productive investment. As a result, this contributes to the accomplishment of economic and social development method, and conjointly facilitates investment activity.

show abstract

Does Saudi Arabia’s economy benefit from foreign investments?

Cited by 20 publications

References 16 publications

International technology transfer: evidence on foreign direct investment in Albania

International technology transfer: evidence on foreign direct investment in Albania

Insights Discovery through Hidden Sentiment in Big Data: Evidence from Saudi Arabia’s Financial Sector

The Role of Central Bank of Jordan in Economic Development

Contact Info

Product

Resources

About