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• W2170807727 abstract "This study aims at estimating the production function for both kinds of the projects funded by local and foreign direct investment FDI sources in Jordan , Measuring the economic and social efficiency, and measuring the Average Total productivity (ATP) and partial productivity of factors used in these Investments. The study concludes that the capital factor in foreign investment , has no impact on production . It was found also that the local investment depend on the labor in the generation of value-added, more its reliance on capital. The results also show that the local investments , have achieved the highest average cost for the factors of labor and capital. The study concluded that local investments have achieved the lowest total average productivity of production elements compared to foreign investments. Finally, This study The study suggested the necessity of formulating an incentives to encourage the local investment by Jordan Investment Board JIB. Investment represents an important pillar among those that support the national economy, and its contribution to the achievement of sustainable economic development that is consistent with the higher economic and political interests of the country. Through investment, the target political, social, security and economic stability can also be achieved. This is performed through the activation of the interdependence between the economy and other components of the country and society, and supports it by an integrated system of procedures and legislations that promote domestic competitive potential in the areas of production, management and marketing, and in reducing the rate of poverty and unemployment. The local orientation towards the local economic scheme is represented by drawing a national strategy to encourage investment, restructuring and economic reform, trade liberalization and openness to the surrounding free trade zones, and the Arab and international markets, as well. Further, the participation in international trade agreements is another trend to form a basis to provide a favorable investment environment to encourage and attract investment, and achieve sustainable economic development. Despite the importance of investment on which different economies, especially the developing ones rely, these investments may be considered a source of negative impact on the economies of those countries in terms of negative exploitation of scarce economic resources that are available in those countries. In addition, the weakness of its economic and developmental role in employing the workers and absorb the surplus of it. Perhaps, this study is an attempt to assess the role of economic and social role of the economic projects of the industrial sector funded by local financial resources. These include: governmental investment, Jordanians expatriate, Jordanian businessmen, and the household sector during the period 1997 - 2006. Further, the use of a set of leading econometric models that have been adapted for this purpose, where an abundance of statistical data in that period, and for being one of the most experienced periods of political and economic changes that have affected the whole of the Arab region. Therefore, this study can be considered one of the authentic studies that are research in the assessment the role of economic and social projects financed by local sources, compared many studies that searched in foreign investment in its various forms." @default.
• W2170807727 created "2016-06-24" @default.
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• W2170807727 date "2012-01-01" @default.
• W2170807727 modified "2023-09-27" @default.
• W2170807727 title "DOES THE LOCAL INVESTMENT IS MORE EFFECTIVE THAN FOREIGN INVESTMENT" @default.
• W2170807727 hasPublicationYear "2012" @default.
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