Table 1.
EQ and FDI summary on various research work.
| Authors | Period of investigation | Methodology | Conclusion |
|---|---|---|---|
| Solarin et al., 2017 [50] | From 1980 to 2012 | ARDL | PHH |
| Sharma & Rana, 2019 [51] | From 1982 to 2013 | Toda Yamato & ARDL | PHH |
| Sun et al., 2017 [52] | From 1980 to 2012 | ARDL | PHH |
| Tang & Tan, 2015 [53] | From 1976 to 2009 | Granger Causality | PHAH |
| Shahbaz & Rouleaud, 2018 [54] | From 1955 to 2016 | ARDL & Bootstrap | PHH |
| Lau et al., 2014 [55] | From 1970 to 2008 | ARDL & Granger Causality | PHH |
| Suki et al., 2020 [56] | From 1961 to 2016 | QARDL | EKC |
| Bello & Adeniyi, 2010 [57] | From 1970 to 2006 | ARDL | PHH |
| Merican & Mulai, 2012 [58] | From 1970 to 2001 | ARDL | PHH/PHAH |
| Lee, 2013 [59] | From 1971 to 2009 | Fixed Effect | PHH |
| Shahbaz et al., 2015 [60] | From 1975 to 2012 | FMOLS & DH Causality | PHH/PHAH |
| Jungho, 2016 [61] | From 1981 to 2010 | Pedroni & PARDL | PHH |
| Wang et al., 2019 [62] | From 2004 to 2010 | SBM-DDF | PH |
| Bakirtas & Cetin, 2017 [63] | From 1982 to 2011 | VAR | PHAH |
| Al-Mulali & Ozturk, 2015 [64] | From 1996 to 2012 | Pedroni, FMOLS, VECM | PHH |
| Mert & Bölük, 2016 [65] | Non-balanced | ARDL | PHAH |
| Mert et al., 2019 [66] | Non-balanced | ARDL | PHH |
| Destek & Okumus, 2019 [67] | From 1982 to 2013 | Cointegration & CCE | NA |
| Lorente et al., 2019 [68] | From 1990 to 2013 | FMOLS, DOLS & DH | PHAH |
| Zafar et al., 2019 [69] | From 1990 to 2014 | CUP-FM and CUP-BC | EKC |
| Aminu et al., 2023 [70] | From 1995 to 2019 | FMOLS | EKC |
| Albulescu et al., 2019 [71] | From 1980 to 2010 | Panel Quantile Regression | NA |
| Seker et al., 2015 [72] | From 1974 to 2010 | ARDL, Granger & Hatemi | PHH |
| Terzi & Pata, 2019 [73] | From 1974 to 2011 | Toda Yamamoto | PHH |
| Koçak & Sarkgunesi, 2017 [74] | From 1974 to 2013 | MAKI, DOLS, Hatemi | PHH |
| Kılıçarslan & Dumrul, 2017 [75] | From 1974 to 2013 | Johansen cointegration | PHH |
| Öztürk & Oz, 2016 [76] | From 1974 to 2011 | MAKI, DOLS | PHAH |
| Mutafoglu, 2012 [77] | From 1987 Q1 to 2009 Q4 | Granger & Johansen | PHH |