Do Institutions Matter for FDI? A Comparative Analysis for the MENA Countries

Do Institutions Matter for FDI? A Comparative Analysis for the MENA Countries PDF Author: Vittorio Daniele
Publisher:
ISBN:
Category :
Languages : en
Pages : 28

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Book Description
The paper analyses the underpinning factors of foreign direct investments towards the MENA countries. Our main interpretative hypothesis is based on the significant role of the quality of institutions in order to attract FDI. In MENA experience the growth of FDI flows proved to be notably inferior to that recorded in the EU or in Asian economies, such as China and India. Our research, firstly, stresses three major factors for such a poor performance:i) the small size of local markets and the lack of real economic integration;ii) the changes in the scenario of international competition;iii) economic and trading reforms in the MENA have been slow and mostly insufficient.Using the Kaufmann, Kraay and Mastruzzi (2005) governance indicators, we examine the role of quot;institutional qualityquot; on FDI through a regression analysis. Our analysis shows that institutions play an important role in the relative performances of countries in attracting FDI. Lastly, data on institutional quality and business climate show the relative disadvantages of MENA. Our paper suggests that MENA countries require deep institutional reforms in order to improve their attractiveness in terms of FDI.

Do Institutions Matter for FDI? A Comparative Analysis for the MENA Countries

Do Institutions Matter for FDI? A Comparative Analysis for the MENA Countries PDF Author: Vittorio Daniele
Publisher:
ISBN:
Category :
Languages : en
Pages : 28

Get Book Here

Book Description
The paper analyses the underpinning factors of foreign direct investments towards the MENA countries. Our main interpretative hypothesis is based on the significant role of the quality of institutions in order to attract FDI. In MENA experience the growth of FDI flows proved to be notably inferior to that recorded in the EU or in Asian economies, such as China and India. Our research, firstly, stresses three major factors for such a poor performance:i) the small size of local markets and the lack of real economic integration;ii) the changes in the scenario of international competition;iii) economic and trading reforms in the MENA have been slow and mostly insufficient.Using the Kaufmann, Kraay and Mastruzzi (2005) governance indicators, we examine the role of quot;institutional qualityquot; on FDI through a regression analysis. Our analysis shows that institutions play an important role in the relative performances of countries in attracting FDI. Lastly, data on institutional quality and business climate show the relative disadvantages of MENA. Our paper suggests that MENA countries require deep institutional reforms in order to improve their attractiveness in terms of FDI.

Multinational Enterprises, Markets and Institutional Diversity

Multinational Enterprises, Markets and Institutional Diversity PDF Author: Alain Verbeke
Publisher: Emerald Group Publishing
ISBN: 1784414212
Category : Business & Economics
Languages : en
Pages : 518

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Book Description
This research volume in honour of the late Daniel Van Den Bulcke, one of the founding fathers of the European Business Academy (EIBA) and a core institution builder of the Academy of International Business (AIB), focuses on conceptual innovations in assessing the impact of institutions on multinational enterprise (MNE) strategies.

Comparing Emerging and Advanced Markets

Comparing Emerging and Advanced Markets PDF Author: Marcus Goncalves
Publisher: Business Expert Press
ISBN: 1631570161
Category : Business & Economics
Languages : en
Pages : 190

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Book Description
Goncalves and Xia provide an excellent analysis and framework for understanding the impact emerging economies will have on the global economy. Great primer for those interested in understanding the opportunities and complexities arising from the emerging markets such as CIVETS and ASEAN and their influence on the advanced economies. I highly recommend this book to anyone looking to learn more about the interplay between emerging and advanced economies and what that means for political economic shifts in the global order. —Shaun Rein, Founder, China Market Research Group, Shanghai, China This book is a part of a series that recognizes that the intense competition among emerging markets and against advanced economies to capture their share of the global economy. Most important to this end is the study and practice of international business and foreign trade. Undertaking such a study raises many questions—What competitive advantages do these emerging economies enjoy in comparison to advanced economies, such as the G7, and what are the origins of those advantages? Why are emerging markets becoming the powerhouse of world economy growth and the firms doing business there internationalizing so aggressively? And why in the past decade has the pace of internationalization accelerated so rapidly and what are the challenges and possible solutions?

The Impact of Formal and Informal Institutions on Economic Growth

The Impact of Formal and Informal Institutions on Economic Growth PDF Author: Constanze Dobler
Publisher: Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
ISBN: 9783631616161
Category : Africa, North
Languages : en
Pages : 0

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Book Description
Regarding the Arab region, GDP per capita virtually stagnated for more than 20 years from 1980. During the same period, GDP per capita in the world's highly industrialized states further increased and the gap between the Middle East and North Africa (MENA) and the highly developed countries widened. However, the differences between Arab countries and the Western states exist not only economically. The countries also differ regarding their political, legal, and social systems. This work explains the differences in development on the basis of institutional economics. In addition to a general theoretical part, an empirical analysis demonstrates the effects of institutions on income, and a historical case study explains the divergent development paths of the Arab region and selected advanced economies.

The Economic Development Process in the Middle East and North Africa

The Economic Development Process in the Middle East and North Africa PDF Author: Alessandro Romagnoli
Publisher: Routledge
ISBN: 1134447329
Category : Business & Economics
Languages : en
Pages : 361

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Book Description
Offering a comprehensive analysis of the development of economies in the Middle East and North Africa over the past half century, this book charts the progress of these countries through an examination of an Islamic model of economic development, reform processes, and economic integration. Far from being a simple process, economic development in the Middle East and North Africa is dependent on the interaction of a set of changing systems including; international relations, the political regime, economy, and society. By analysing these interdependent factors, The Economic Development Process in MENA seeks to provide answers to the most pressing issues facing the economies in this area. Providing an interpretation of regional development in light of dialectics between state and society, this book will be of value to students and scholars with an interest in the Middle East, Economics, and International Relations.

Making Foreign Direct Investment Work for Sub-Saharan Africa

Making Foreign Direct Investment Work for Sub-Saharan Africa PDF Author: Thomas Farole
Publisher: World Bank Publications
ISBN: 1464801266
Category : Business & Economics
Languages : en
Pages : 302

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Book Description
This book presents the results of a groundbreaking study on ‘spillovers’ of knowledge and technology from global value-chain oriented foreign direct investment (FDI) in Sub-Saharan Africa, and discusses implications for policymakers hoping to harness the power of FDI for economic development.

The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa

The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa PDF Author: Mr.Bjoern Rother
Publisher: International Monetary Fund
ISBN: 1475535783
Category : Social Science
Languages : en
Pages : 43

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Book Description
In recent decades, the Middle East and North Africa region (MENA) has experienced more frequent and severe conflicts than in any other region of the world, exacting a devastating human toll. The region now faces unprecedented challenges, including the emergence of violent non-state actors, significant destruction, and a refugee crisis bigger than any since World War II. This paper raises awareness of the economic costs of conflicts on the countries directly involved and on their neighbors. It argues that appropriate macroeconomic policies can help mitigate the impact of conflicts in the short term, and that fostering higher and more inclusive growth can help address some of the root causes of conflicts over the long term. The paper also highlights the crucial role of external partners, including the IMF, in helping MENA countries tackle these challenges.

Foreign Direct Investment in South Asia

Foreign Direct Investment in South Asia PDF Author: Pravakar Sahoo
Publisher: Springer Science & Business Media
ISBN: 8132215362
Category : Business & Economics
Languages : en
Pages : 378

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Book Description
During the 1990s, the governments of South Asian countries acted as ‘facilitators’ to attract FDI. As a result, the inflow of FDI increased. However, to become an attractive FDI destination as China, Singapore, or Brazil, South Asia has to improve the local conditions of doing business. This book, based on research that blends theory, empirical evidence, and policy, asks and attempts to answer a few core questions relevant to FDI policy in South Asian countries: Which major reforms have succeeded? What are the factors that influence FDI inflows? What has been the impact of FDI on macroeconomic performance? Which policy priorities/reforms needed to boost FDI are pending? These questions and answers should interest policy makers, academics, and all those interested in FDI in the South Asian region and in India, Pakistan, Bangladesh, Sri Lanka and Pakistan.

Emerging and Frontier Markets

Emerging and Frontier Markets PDF Author: Marcus Goncalves
Publisher: Business Expert Press
ISBN: 163157020X
Category : Business & Economics
Languages : en
Pages : 179

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Book Description
Goncalves and Alves’ work is a very interesting and promising book for the development themes of emerging markets. The style and quality of the material is worthy of respect, providing a clear analysis of the internation-al markets and global development of various economic and commercial relations and trading routes. —Yurii Pozniak, International Management Consultant at Ukroboronservis, Kiev, Ukraine. Emerging and Frontier Markets: The New Frontline for Global Trade brings together a collection of insights and a new outlook of the dynamics happening between the emerging and the advanced markets. The book pro-vides also an excellent, easy to read and straight-to-the point economic and political description of the MENA, BRICS, ASEAN, and CIVETS markets. A description that should interest every person willing to invest, work or just acquire a deep understanding of the emerging markets economic and political conditions. —Réda Massoudi, BU Director Management and Transformation Consulting, LMS Organization & Human Resources. Casa-blanca, Morocco.

Inequality, Poverty and Development in India

Inequality, Poverty and Development in India PDF Author: Utpal Kumar De
Publisher: Springer
ISBN: 9811062749
Category : Business & Economics
Languages : en
Pages : 531

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Book Description
This book reviews the fulfillment of two Millennium Development Goals (MDGs), namely poverty and inequality, in the Indian subcontinent. It examines the complex interplay among development, inequality and poverty in relation to corruption, environmental resource management, agricultural adjustment to climate change and institutional arrangements, with a special focus on the Northeastern region of the country. The topics covered offer a blend of theoretical arguments and empirical data with regard to the three main themes of the book, while also providing agricultural and environmental perspectives. The book also provides guidelines for policy initiatives for harnessing the region’s potential in the areas of industry, trade, sustainable use of mineral, forest and other natural resources, nature-based tourism through proper infrastructure development, and resolving land issues to achieve inclusive development.In addition to introducing some new questions on the development-ethnic conflict interface, it uses sophisticated tools such as the Blinder–Oaxaca decomposition method in consumption expenditure to show the endowment, and return to endowment effects; and techniques like spatial correlation-regression to analyze regional variation, co-integration, vector autoregression, the panel data technique and the adaptation index to climate change, to understand socio-economic complexities and the effect of the concerned variables on entrepreneurship and human development.The book offers a timely contribution to our understanding of major MDGs and highlights their successes and failures. It also includes analytical frameworks that are key to future policy initiatives. Further, it disseminates approaches and methods that improve livelihoods and standards of living through poverty reduction and promoting inclusive development along with sustainable utilization of available natural resources. Putting forward various ideas for creating a more sustainable future, it inspires and encourages readers to pursue further studies to address the gaps that still remain.