الفهرس 
CHAPTER (1):Literature ReviewOnly 14 pages are availabe for public view
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Abstract
This dissertation aims to analyze the effect of foreign capital flows on economic growth and standard of living in Egypt over the 1985-2014 period. from a theoretical perspective, there is a relatively vast body of literature relating FDI to economic growth. Only a limited amount of research has focused on the impact of external debt on economic growth and on the impact of both FDI and external debt on the standard of living. Moreover, most of the studies in this regard are conducted on the aggregate level, disregarding the importance of individual sector analysis; therefore, there is an important research gap that needs to be filled. The empirical analysis includes two steps; in the first, an aggregate time-series analysis is conducted, while in the second, a set of panel models that includes six basic economic sectors are utilized. The ‘Autoregressive Distributed Lag’ approach was utilized either in the timeseries or in the panel models. The selected measures of the standard of living are GDP per capita (used to measure both economic growth and standard of living), real wages and an income inequality index. The empirical results reveal that, on the aggregate level, FDI has a weak positive effect on economic growth. The effect of FDI on the standard of living is positive in the short-run but in the long-run it has a positive effect on GDP per capita, an insignificant effect on real wage and it increases wage inequality. The panel model reveals that FDI has a positive effect on sectoral wages and an insignificant effect on sectoral output, emphasizing the limited spillover effect of FDI in Egypt especially in the manufacturing sector. External debt has an insignificant effect on economic growth or standard of living in the long-run; it has a negative effect on sectoral output. Only in the short-run, external debt has a weak positive effect on economic growth. .