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جودة مؤشرات الحوكمة وأثرها في التقليل من تقلبات صافي الاستثمار الأجنبي المباشر في دول Mena للفترة 1996-2017 : مقاربة نموذج بانل الديناميكي
[The quality of governance indicators and their impact in reducing the Fluctuations of net FDI in MENA countries for the period 1996-2017 : Panel dynamic approach]

Author

Listed:
  • Khouiled, Brahim
  • Saheb, Oualid

Abstract

In this paper, we presented concepts on the scissors effect between governance indicators and the fluctuations of net FDI inflows and we applied them to the MENA countries. We used PANEL data for 17 countries with triple averages over the period 1996-2017 to avoid missing some data. We found that the proposed dynamic model by Mijiyawa (2015) is appropriate for this study with the GMM system estimate. The results showed that the quality of the governance indicators was most significant and the effect of reducing the fluctuations of the FDI inflows in the long term, especially the indicator of the political and security situation prevailing in the region.

Suggested Citation

  • Khouiled, Brahim & Saheb, Oualid, 2019. "جودة مؤشرات الحوكمة وأثرها في التقليل من تقلبات صافي الاستثمار الأجنبي المباشر في دول Mena للفترة 1996-2017 : مقاربة نموذج بانل الديناميكي [The quality of governance indicators and their impact in ," MPRA Paper 109308, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:109308
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    References listed on IDEAS

    as
    1. Globerman, Steven & Shapiro, Daniel, 2002. "Global Foreign Direct Investment Flows: The Role of Governance Infrastructure," World Development, Elsevier, vol. 30(11), pages 1899-1919, November.
    2. Douglass C. North, 1990. "A Transaction Cost Theory of Politics," Journal of Theoretical Politics, , vol. 2(4), pages 355-367, October.
    3. Abdoul’ Ganiou Mijiyawa, 2015. "What Drives Foreign Direct Investment in Africa? An Empirical Investigation with Panel Data," African Development Review, African Development Bank, vol. 27(4), pages 392-402, December.
    4. Bruno Emmanuel Ongo Nkoa & Jacques Simon Song, 2018. "La qualité des institutions réduit-elle la volatilité des investissements directs étrangers en Afrique ?," Mondes en développement, De Boeck Université, vol. 0(3), pages 113-131.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Governance; Fluctuations of FDI; MENA; Panel Data; GMM; حوكمة; تقلبات الاستثمار الأجنبي المباشر; معطيات بانل; عزوم معممة;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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