Mohammad Alizadeh - Faculty of Economics, University of Lorestan
Maryam Khodavaerdi Samani - PhD student in economics at Lorestan University
Gholam Reza Nemati - PhD student in economics at Lorestan University

This study investigates the relationship between exports, foreign direct investments (FDI) and economic growth in D8 countries in the period 2000-2014. Using the recently developed mean group and pooled mean group estimation techniques on cross-country panel data . The empirical analysis reveals that there is a positive long-run relationship between FDI, EXPORT and economic growth. By using the PMG (pooled mean group estimation ) methods the elasticity of GDP with respect to FDI is 0.137% and 0.170%, respectively. The results also indicate that the foreign direct investment and export is a significant factor that positively affects economic growth in the D8 countries.

economic growth, foreign direct investments, exports, panel analysis, pmg method