Arbeitspapier
FDI and Growth in the MENA countries: Are the GCC countries Different?
This paper examines the relationship between Foreign Direct Investment (FDI) and per capita Gross Domestic Product (GDP) in the Middle East and North Africa (MENA) region for the period 1985-2009. The empirical evidence is based on an endoeneity-robust Generalised Method of Moments. Results show that the effect of FDI on per capita income in the Gulf Cooperation Council (GCC) countries is positive but negative in Non-GCC countries. Results also reveal that in contrast to the GCC countries, the financial openness policy in the Non-GCC countries have reduced the benefits of FDI on growth, this finding is explained by the fact that most of the Non-GCC countries that have engaged in the process of financial reforms have poor quality of institutions. These results are confirmed with both annual data and five year average data.
- Sprache
-
Englisch
- Erschienen in
-
Series: AGDI Working Paper ; No. WP/16/015
- Klassifikation
-
Wirtschaft
Model Evaluation, Validation, and Selection
International Investment; Long-term Capital Movements
Multinational Firms; International Business
Economic Growth and Aggregate Productivity: General
Socialist Systems and Transitional Economies: Legal Institutions; Illegal Behavior
- Thema
-
FDI
growth
GMM
financial openness
Institutions
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gammoudi, Mouna
Cherif, Mondher
Asongu, Simplice
- Ereignis
-
Veröffentlichung
- (wer)
-
African Governance and Development Institute (AGDI)
- (wo)
-
Yaoundé
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gammoudi, Mouna
- Cherif, Mondher
- Asongu, Simplice
- African Governance and Development Institute (AGDI)
Entstanden
- 2016
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