Data description and sources
| Variable name/Symbols | Description | Data source |
|---|---|---|
| Foreign Direct Investment (FDI) | The total inflow of foreign direct investment into GCC countries. | World Bank (2024b) |
| Economic Growth (GDP) | The real gross domestic product (US Dollar) measured using the deflator value to ensure the inflation condition considered based on the following formulation | World Bank (2024b) |
| Financial Stability (FS) | The domestic credit to the private sector is measured as a percentage of the country’s GDP. | World Bank (2024b) |
| Trade Openness (TOP) | The ratio of exports and imports measured by GDP is the total volume of exports and imports | World Bank (2024b) |
| Political stability (PS) | Political index indicates the measurement of political stability of the country. | Center for Systemic Peace (2024) Polity IV |
| Variable name/Symbols | Description | Data source |
|---|---|---|
| Foreign Direct Investment (FDI) | The total inflow of foreign direct investment into GCC countries. | |
| Economic Growth (GDP) | The real gross domestic product (US Dollar) measured using the deflator value to ensure the inflation condition considered based on the following formulation | |
| Financial Stability (FS) | The domestic credit to the private sector is measured as a percentage of the country’s GDP. | |
| Trade Openness (TOP) | The ratio of exports and imports measured by GDP is the total volume of exports and imports | |
| Political stability (PS) | Political index indicates the measurement of political stability of the country. |